This coin is 100% a deadcoin. The dev, after selling every single coin of the ICO, put pictures of him happy in a fucking badass hotel to make people rage, so it's clearly a deadcoin.
Then, why the hell are there every 2 weeks 2 btc worth of volume just to avoid a delist of the coin ?
What is the plan behind it in your opinion ?
Bagholders my friend. You got a few btc into a coin you don't want to see it die. Once off the exchanges the coin is dead dead dead.
Man, this makes no sense at all. Do not tell me that people who bought at 800 sat really care about their coins worth 5sat, this is not even called money, it's nothing.
So then, why the hell is this happening ?
It is the hope. psychological factor, it is all about it-
You have coin that costed 100USD/1 now it costs 1USD/1coin. You do not want to get delisted because you are keeping telling yourself- it will come back. But if you do this, you already lost.