As we see on the chart screened above, there was already an attempt to pump PIVX three days earlier. I assume somebody tested the bot 
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Of course, this is great that PIVX is developed further but this has nothing to do with the latest price spikes. Pure pump and dump for me.
This is truly a pumping test before real pump. Nobody knows that real pumps actually come after pumping tests or they will give up plans of pump and dump. There are more complicated steps to investigate to identify they will keep up their pump plans or give up, nevertheless. At least such spikes from pumping tests give us early signal that someone (groups or whatever) have plans to do something dramatically in next coming days. If they see chances to succeed with their pump plans, they will do it..Of course, this is great that PIVX is developed further but this has nothing to do with the latest price spikes. Pure pump and dump for me.
Current volume is not looking healthy it showing the lack of interest of the people into this coin actually it has been lost its momentum and not on the right track at this but it is very hard to predict what will happen in future maybe it is silent before big storm.
I do agree, with your concern, but there are many other coins situation seems to be the same which they cannot manage generate volume in the market. Most of the active development coins are facing this situation and has the chance to increase their once we see the market starts recovering.
