They don't even have a working wallet with replay protection, why the fuck would you buy it on exchanges?
That's just speculation by some traders to make more money.
No one is giving that coin any credibility.
But to make more Bitcoin or money, and that's what traders wanna do, this coin will get some attention, at least for some short term while.
The hype is causing these high trading numbers but as soon as people are done selling their free coins the coin will collapse.