I've seen this Fantase character talking on IRC and he rightly points out that the coin is very undervalued. Considering it is still well under 1 Satoshi where as there are a magnitude of coins of many times the value who have never had as active of a development team and a comparable amount of coins - I don't see how anyone could argue with that.

I see one of the pools has over 400 miners.

The buying activity doesn't seem to be synonymous with a "pump and dump" where on a low volume market the value would shoot 100%+ and then fall to a lower level than it originated but sustained growth.