Seems to be the case, but interestingly there's a rally on Mintpal today.  Nice to see the price coming up, I've started mining again.  I'm now the dev for Kimocoin, the original creator of the coin announced on May 23rd that he would no longer participate in the project.  Nearly two months later, with the help of many community members we have managed to make Kimocoin better than ever.  There are new web services, a new logo, and in thread auctions for real world merchandise like hard drives and SSDs.  It's a lot of fun and we have many dedicated community members and active discussion every day.  My point is that if the 365Coin dev has bailed which is sure looks like (hasn't logged in for 10 days), then all takes is for someone else to pick up the ball, get some community support, improve the web services, start a new thread, and manage the coin.  That's the beauty of open source.  The project can only die if no one pays attention.  Based on the market activity, I'd say there's plenty of attention so we just need a volunteer to be our dev.  If you hold a significant sum of 365coin, then there would be considerable financial incentive for you to pick up this project and make it popular again.  365coin is already on MintPal, and shows up #1 in the list of currencies--there's a lot of potential for growth.