There is no way the price will spike up, the developer has not really show us developmental plam for this project, these are some of the fundamentals that will help win community trust.
If this were true, a lot of coins would already be dead. Quod non.
Of course many people will take the chance and sell in the first moment they are able to. I for myself will just hodl the free coins I got and wait for some time, as I don't have anything to loose. Of course it's hilarious what some people say like "we will sure hit 10$ at date xy", with the only intention to hype people so they can sell theirs at first chance. Nobody knows till we see some plans the dev has for eBTC, so we should just relax and wait
