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How is IOTA up 11% with $6m volume

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I'm expecting this to be a stupid question... but here goes:

How can IOTA be up 11% on a $1.2bn cap with only $6m in volume? Even if all $6m were buys wouldn't that only have a 0.5% impact on the cap?

http://coinmarketcap.com/

Edit: this question appears to apply to all crypto listed, it just occured to me looking at IOTA because the huge cap and low volume stood out.

Posted Jun 17, 2017, 11:40 AM UTC

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