Old view: prices driven up by activity, just hype trading. Institutional support is pointless, since there are no revenues at the moment. Essentially, it's taking advantage of the mainnet launch plus aggressive activity rewards to generate some buzz, attract a bunch of yield farmers. The overall environment is so bad that when tokens are unlocked and rewards are distributed, where will the price come from and where will it go? The only concern is that the current short positions are a bit crowded, and the funding rate is somewhat high. Perhaps the whales will continue to push the price up, clearing out the shorts first. They set sell orders at 0.055 and 0.060, hoping to get filled.