GME approves 4:1 stock split dividend.
(media.greatawakening.win)
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One portion of why they are doing it yes. People will see that tastey price at 25-30$ and think "sweet i can afford it now"
FOMO incoming
If the buys aren't routed through dark pools, then the price should quickly go up and away, though probably halted many times due to the circuit breakers built in when a stock moves too much too fast.
It's costing them tons of money to keep the price suppressed. But they no longer care, they want to go bankrupt and hope for a bailout is their only plan at this point.