Why did this coin start to rise after it was listed on the contract, even though it has fallen back?

$PHA
Understand that veteran investors should escape quickly, PHA will make you doubt your life
Launched in 2020 with mining machines, $1 staked coins for staking and mining, mining machines sold out and couldn't mine, $1 staked coins sold for 2 cents!
Do not buy PHA, because it will take 4/5 years to find the next group of investors, or there may not be another wave!