I occasionally get some worthless shitcoins of seemingly dead projects in mew, but this is the first time for me to experience something like this from project that is listed on the exchange with some trading volume. That's why i was so surprised, but seems like people massively fall for it, sharing referral link left and right.
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.
I had sold my KICK tokens when the market was good but after that they sent dividends to all addresses that held tokens and even to my address even though I had sold my tokens but the dividend was 0 (an error in their contract). When they stopped, this was their airdrop but it's only to promote their exchange. If KYC was not involved, things would be different.
Can still see 562,560 users who joined the exchange so till now it seems to work. Since the market value of those tokens are $200-$500, I guess many would be excited to follow their steps to unlock them.