Polymath Spikes 144% Then Immediately Drops 34% In Matter of Hours

Polymath (POLY) more than doubled in price on Wednesday afternoon UTC time, before giving back a large part of its gain within hours of the spike.
As of 13:20 UTC, POLY traded at USD 0.259. The token is up a massive 43% for the past 24 hours and up 35% for the past 7 days.
The coin is currently ranked as number 125 by market capitalization, per CoinMarketCap.
POLY chart daily timeframe:…
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