If this will be sustainable then see one by one people will disappear to like virtual currency gradually.If a virtual currency doesn't want to die then look for other ways to make that happen.
I think it's possible, and that's what whales are waiting for. When investors start to leave the cryptocurrency market, its capitalization will decrease, and thus it will be easier for whales to manipulate the price. Many people expect a large price drop at the beginning of next year. Maybe this will be the beginning of the new bull run and the end of bear market..
It makes perfect sense for now, maybe this is a good strategy that has been waiting for millionaires to buy at the lowest price and to see big profits coming within 1 year.