They raised a lot of capital, so the fundraising is a bit success.
The token may go up and down in the future.
Yeah, the good thing that 50M USD were raised from investment funds. So whales are in this game and sooner or later they will have to pump it for exit

Maybe maybe not, the whales bought in at pre ico 40% less than normal ico folks. My friend already sold his and made $30,000.
Don't forget after 3 months they add 40% more coins to the supply. Kin seems like a money grab but time will tell.