it's pretty obvious what is happening here. The coin has had these random spikes for months but overall the price has fallen. What we're seeing is the coin supply changing hands from weak holders to the dev and his friends. Dev is purposely trying to make the coin look like vaperware to get the price to fall so he can accumulate (remember, he didn't have any ico). Every now and then he spikes the price to get rid of bagholders (the above poster is a perfect example of how this tactic works). Rinse and repeat until they've got enough coins to get insanely rich when they drop the torrent functionality.