What a disgrace to cryptocurrency in general. This is a despicable example of what the altcoin segment of cryptocurrency has become.
Crave, DASH, etc... all just scams. People lose their money and then their trust, setting crypto back years due to these rampant scams. Paycoin, Ripple, NXT, all scams that benefited a few. Crave, Dash, SDC, Cloak, and all the other worthless altcoins are the exact opposites of what people want in a cryptocurrency. Nobody wants a scam but for some reason they keep supporting them.
I've been wondering the same thing and have a theory - people support pump and dumps hoping to cash in on being the first in, first out. Kinda sick - counting on them to be pump and dumps and counting on being the "winner" instead of the "victim" in that scenario.
Agree with you, it's sad and pretty damaging to crypto - that should be clear to everyone by now - but I think we've all learned an awful lot more than we ever wanted to about human nature and that it can be incredibly short-sighted.