Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.
Those who see an opportunity to invest in such projects fall prey to scams. Basically, it would not be right to blame them. Because they are attracted to the crypto market in different ways in the wrong way, they are more likely to make the wrong decision than to make the right one. They are constantly coming to the market with different projects and in a few days they are leaving the market with money from the investors, which is a very sad fact.