They do this before 6am because the brokers are limited, most aren’t even open. It’s done for the newer crowd, the ones who ran to those early morning brokers thinking it could give them a leg up. It triggers FOMO with the inexperienced and pumps the price. Once the adults start trading at 7am and later, the price comes right back where it belongs. Executing the pump on the first trading day after the trash app went into a soft launch was flagrant, except to the herd that was targeted, and that’s how tens of millions in wealth was transferred from the ignorant to the sociopathic before sunrise today
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