Very typical in the world of micro pennies and tiny pennies.
It's a typical case of (IMHO) where 95% of the trading is made up from (a)"greater fool" traders who don't care if a stock is trading at levels that could drop 95% in minutes, (b) people that are so clueless they don't understand anything but see MB pumps, large gains, etc. and (c) people whoever they may be that are actually involved in market manipulation to stimulate the impact of (a) or (b) ---- with no idea who might be behind any manipulation activities or why.
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