There was no insider's news. It is just the product announcement of the product that everyone knew was there anyway. Hardly earth shattering. Once the false excitement has died down this will be sharply down.
The price is nearly 12 times net assets and they would have to make nearly 2m profit to justify this share price. The actual turnover is just 40,000.
It was marked up at the start by the MMs and is now falling.
Just look at the trades. Plenty of sells by the people who know this will be down soon. Even two MM to MM sells. All the MMs have marked this down again. The last movement was down by all five MMs.
There was no buying pressure to raise the price this morning. It was just done by the MMs after the product announcement to entice in some buyers. In fact it generated sellers and the MMs had to drop the price again. It looks like that a few investors were a bit more realistic than they have been in the past. They can see that this share price is absurd and unsustainable.