does anyone have a brief history of what has happened with this coin since it launched? It's still up for trading at coins-e but there does not seem to be any activity dev wise.
I can take a guess, given that it was premined 5% while it was pumping out 2,000 coins per block, and we can safely assume that the creator probably snagged 99% of those first 10,000 blocks , they have roughly 19,800,000 coins. Given that on Nov. 25 they started getting dumped on coins-e in large amounts (48,103 on the first day, ramped to 741,076 the next time large trading occurred, then 4mill, then 5.5 mill, the 1.5 mill and then 400,000 about 12.3 Million of those have been dumped) we can assume that the owner is doing a large cash out, and at an average of about .0000019ish (I'm not going to do the math so this is a very rought guess) the developer has made about 23BTC in the dump (maybe more) or about $18,000. The problem with these alt coins is they allow for a very quick cash cow to the preminer especially when they set the blocks that they are going to premine so high.