HOOK gains all time high at x50 from listing price.

Hook started trading on Binance, then dropped on MEXC yesterday and is hovering at $2.6 currently which is almost x26.
What is Hook protocol?
Hooked Protocol is building the on-ramp layer for web3, providing tailored Learn & Earn product experience and onboarding infrastructures for users & businesses to enter the fantasy world of Web3. Hooked Protocol has raised ~6MM USD from two rounds of private token sales earlier this year, with FDV ranging from 30MM USD to 60MM USD. 20% of tokens are allocated to private sales.
Standard logic would mean that it would do better in prosperous times.
hook

HOOK gains all time high at x50 from listing price.