This reminds me of another coin that had a great developer, a killer feature and big plans but eventually suddenly died. Even the ATH price is the same as well as dev's MO and the dump. I really hope this is not the same scheme being pulled by someone.
And was that coin also developed from scratch? Your comparison is pointless to say the least

I hope so, we'll see. That coin wasn't but there were some significant improvements to it made by the dev. There's always an expense-outcome trade off so it is not impossible to spend some time/money to develop something from scratch if the profit is going to be good.