Trust me when I say they have done this multiple times just look at the charts. There are always bait institutions that try to convince people that its the end of the world or "its time" and then a week later they end up pumping it back to ATH once they robbed retail and new investors.
This is all a coordinated effort to rob retail and trick you guys into doing put and short positions then once you feel comfortable boom. They pump it up 200 + 300 + or even 400 + just like that.