The high amount of volume, in both SUGO and SHMX, shows (VC)- Venture Capitalist interest, and they have a vested interest in establishing a "Run", and this volume "gets the attention of retail".
VC's want a very high return on their money, and they like 5, 6, and 10 fold moves, from their buy prices.
A "venture capitalist" is a person who invests in a business venture, providing capital for start-up or expansion. "Venture capitalists" are looking for a higher rate of return than would be given by more traditional investments.
A "venture capitalist" can be a "professional investor" , or "Market Maker". The "venture capitalist" may have no business experience applicable to the industry your company is involved in, and is focused on "the potential rate of return" your company can provide.
"Promoters" are "Venture Capitalist" firms. "Venture capital" (VC) is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The "venture capital fund" makes money by "owning equity-shares" in the companies it invests in.