There is a new release
https://github.com/chaincoin/chaincoin/releases that was published 4 days ago and there are 7 commits since the last release. In my book that is called active development. Anyone who wants to see it can click on the link and see for himself. And potential of this coin is HUGE. With over 2000 people on slack (transfer coin that is currently 0.31$ has 374 people on slack ATM) plus 2000+ people on HODL discord plus 2000 masternodes. Currenty coin is at least 50%-75% undervalued because of panic sellers and FUD. Website was hacked yesterday. Opportunity is so big that people are willing to hack someones website just to be able to scare people and buy at a discount. Bright future awaits this coin and $10+ price as soon as it hits a major marketplace.
You realize the press release costs $250 and anyone can release anything they want. The developers are looking at coming back now that there is some money to be made in the short term no doubt, but if you looked at the volume in the last few days it sure looks a lot like someone selling coins to themselves over and over again to pump the volume up. Didn't look like normal trading to me. Looked like mostly sellers dumping their coins and someone else just dumping and buying their coins back over and over again. Volume is an easy thing to fake and not even that expensive when the fees are only .2%. So 500 BTC volume costs 2 BTC a day to maintain per day or so.