The dev of this coin has posted this last message the 3 september :
Please don't talk about pumps in this thread. I am working on ELECTRUM still.
Just going through the posts. WHere does it say he abandoned this coin?
As far as I'm concerned it's completely legitimate if he holds the BTC form the ICO or even cashes out, that's what the money is for. To support the developments financially.
Anyways, putting in some low low buy orders and we'll see what's going to happen. Look at XST, ICG, KORE and all the others. All said to be dead, made very good money on all of them buying through the FUD phase.