DWAC Epic Market On Close Volatility

Into the final minutes, DWAC was trading at $39 a share at about 3:58pm. It then flushed to $36.69 by 3:59 only to reverse and close at $42.29 by 4pm. It hit a high of $59.39 before closing at $55.40 after hours. This is off of news that they have reached a fundraising target. With Jack gone and the recent distribution in names like TWTR and FB, is this a rotation into a competitor? Or is it a rotation from meme stocks such as GME, AMC, CLOV, BB, and BBBY that have recently rolled over? Either way, this is nothing short of epic volatility.