I would call that a manipulated run-up for a handsome gain.
I apologize, it was a $72 bid that dropped it to .0048. For anyone that doesn't believe there is some sort of manipulation going on, this is just a snapshot of how it went today.
0.0051 120,000 $612.00 13:38:03
0.0050 5,000 $25.00 13:38:05
0.0050 96,209 $481.05 15:09:48
0.0049 5,000 $24.50 15:15:16
0.0049 398,791 $1,954.08 15:38:51
0.0048 15,000 $72.00 15:46:31