MATIC pumps over 500%, why?

MATIC coin, part of Binance launchpad, is up over 500% over the last week which has led to many people asking the question “why”. There has been no new news from MATIC over the last week and it looks to many that it is a developer pump of a Binance launchpad pump since many project on launchpad have pumped massively over the last week. The last big news for MATIC was Coinbase seed funding given at the end of April but the coin didn’t start pump about two weeks later.