If the increase results from a transaction, then as usual, the spoils go to those in the know who are front running the news.
I don't suppose Wave's merry crew of investors are the ones with the knowledge. Normally, one or another of them tries to demonstrate their prescience when they have sniffed a vapour from the crack pipe.
Even so, for the long-suffering long-run long investors, hope something good is about to show up.