Why is it pumping? because some whales are trapped and they need to pump this coin before they take profits then dump it again their loses wont be that much,they need to hype the coin so many small fishes will ride the waves then they will take profits fast because if they wont do that they will probably lose a lot,stay away from this scam coin.
Jeez you are right,some of the whales are still trapped in this ponzi scheme they are just trying to take some profits from it by hypin the coin first and then dump it once they took some profits ,so it will result to a less damage that they received with this scam,they are indeed a very intelligent people and at the same time worst and most greedy.