Who's building this exchange? Are they on this forum?  I wouldn't mind seeing pennies trading elsewhere.  I think once that happens, pennies can finally grow.
There's just so many sitting on cryptsy in sell orders that the majority of people are probably not wanting to risk trying to overcome many of the walls.  
If people have somewhere else to trade their pennies. Some of the sell orders may shrink, allowing pennies to fluctuate like the other currencies.
If there really are supposed to only be 40~trillion, then it's definitely undervalued and has room to grow, but something will have to change to allow that to happen.