Why is this token only on Chinese exchanges and non popular exchanges? The price does seem oddly high. I wonder if it's being manipulated by those who hold the majority of the tokens.
Because there are many Chinese people involved
This is project from China after launch of mainnet it will listed on other big exchanges like poloniex and bittrex. Than price will get decided at the moment there is accumulation into this coin.
And this will be in number 3 spot in most traded coin in the market.