The rise was after the announcement
The pump is because of the listing of the coin on new exchange. Happen every time!
Also since pretty much all wallets are blocked, you simply cannot sell the rally because you cannot move your ETNs.
The reason why the "CEO" of this ultra centralized coin makes hastily cowardly rollback IS again the listing on the new exchange.
If you go to asics you sacrificing the most valuable thing, and that is adoption. You simply deny 95% of people the ability to participate.
RIP.
True, the raise was because of the exchange's announcement.
Yet, You can still sell your ETN for BTC, LTC or USDT, even if the wallet is blocked.
Transactions within the exchange are allowed even if the wallet is blocked.
So you can sell the rally and then take the funds out to another exchange and convert in FIAT if that is your desire.
As for the ASICS, honestly I would not care, even if in the past I was mining ETN with several GPU rigs, but lately it was not worth doing it at all, since there are other coins that, at times, are up to 4 X more profitable than ETN. If you like ETN you just buy it with chump change from the profits you make mining others coins.
If ASICS will give ETN more stability, so be it.
Mass adoption is not reached by making few thousands of miners around the world happy, but providing a service to millions of people that needs transactions.
Yet IMO ETN is a coin that will reach maximum 1$ value, but that is a big if.
Cheers