Binance's candidate currency has soared by 170% within one hour. What is the mystery behind it?

Despite widespread negative sentiment in the market, prices of currencies that are about to be removed from Binance, including BAKE, SLF and HIFI, have risen sharply. BAKE rose nearly 170% to $0.0894 in one hour, SLF rose 50% and HIFI rose 28%. Analysts believe that potential short squeezes may be the driving factor driving the rise, as bearish positions dominated the market before they were removed from the shelves on September 17. As of press time, BAKE rose 303% to $0.1396 in 24 hours, with trading volume soaring 4350% to $567 million.