From what I understand, and some of this info dates back from recent, to 2 months to back around Thanksgiving, is that yes the coin has been essentially abandoned by the Dev.

An initial investor on the ICO, who from what I last heard still owns a sizable stake (large overall %) of the supply -- and I'd assume no doubt those coins are likely held in Bittrex off market (not on charts).

I dont want to name names and get caught in a hell-storm so I'll just leave it at that. I haven't been paying much attention lately in the Alts Dept- so if theres movement on this coin it may, and very likely is, manipulation by the large ICO investors who own huge amounts of the coin.

With the Dev gone and off on a new project, there wont be any updates, thus the coin will trade sideways and slowly to zero.  Or get delisted due to low/no volume. If Bittrex delists, which its been doing to low volume cryptos, exiting any sizable position will be impossible.

Id say just be wary, as any pump in price would in my eyes be manipulation by stakeholders to simply dump their shares and move on.

Strato