Buying new cryptocurrency projects right when they get listed on an exchange and sell it within minutes?

Is it allowed to buy into new cryptocurrency projects right when they get listed on an exchange and sell it within a couple of minutes?

Usually, cryptocurrency projects that get newly listed on an exchange go up in value a lot because everyone is buying them, and then it goes back down in value after a couple of minutes. The date and time and the details of the listing on the exchange would be set by the CEO (Owner) of the project and would make it public for everyone to know about ahead of time.

I always make sure to the best of my knowledge that the projects Iā€™m investing in are halal and try to avoid the ones with grey areas.

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