Almost anything is possible, you can buy on YOBIT coins which are dead almost a year and you can't even win draw it because they are not on the same block with original wallet..But still they can suprise you with amaizing pumps one example is BOOM coin, you can earn in crypto and with dead coins.
The good coins with innovation seem to not be involved in these pumps.. indeed you or anyone here will not be involved in any pumps.. think about that a bit.
Ask yourself why? Well for one if im a whale id be accumulating when noone else is so i dont have to worry about providing liquidity to others on the way up.
So why not pick a good coin? Perhaps cause in this early phase of crypto many people are accumulating so whales think its less efficient to pump these. Also they require more liquidity than whales can afford to effectively pump them.
So that leaves the question... whats the business proposition of making money off of pumps? Well they must pray on fools that buy into herd mentality or such that they think someone knows something about a coin that they dont so they buy into the hype of a deadcoin rising. Basically its a pretty shitty business model for these new types of whales because if people find out that the coin actually doesnt even have a developer then trollbox will be quick to point out to those looking to buy into the shitcoin.. however some profit might be had but whales wont be able to scale out as much everytime they do this to a shitcoin. Basically get it while going is good and even if it makes a few bucks it will happen hoping that once in a while they hit jackpot by having some fool dump a ton of money into nonsense pump as i call it.
Not all of it is bad... as it may be funding devs who badly need funding to continue working or motivate them to work again so it does serve a good role but mot as much as if that money were put to good use on a good altcoin that gives back to communitu through innovation (not many of those either maybe a handful).
What can you do? Simple do your homework.. check ann thread if coin is pumping ask questions.. if someone from team isnt around to answer in timely manor and doesnt satisfy your request and or theres no development news... move on. Sometimes development news is overplayed so you have to read between lines to figure out if its good or bad in terms or value of the underlying token... this is why its not that easy to trade... i find being a developer its easier to see good development versus bad and make informed decisions...
I could easily seeing traders pay developers to make informed decisions on projects and developments and could happen pretty soon as people realize nonsense pumps and dont buy in.