The token's price pumped few days ago and now there's almost a 50% dump in the price.
Pump&dump scheme in this case is obvious, as chances of project like this to gain and loose so much in the matter of few weeks and to be completely legit are none to zero.
I also doubt that this is the last pump&dump cycle with this shitcoin.
To trade on some exchange, you have to trust them to some degree, and i honestly think that their practices won't have the effect that their are aiming for, as all this can only make me distrust them and never touch their exchange.
If they do not lock the tokens, it will obviously be shitcoin in the future because so many people can get it from the airdrop, but the developers have their own strategies on how to do good marketing and not a big dump or become shitcoin.
With yesterday's pump it was still unclear whether it was from investors or the developers themselves who did it, really many questioned this project with its tokens.