I'm out... Good play though...making ppl sell their coins at great loss...buying all these coins at the lowest point and then announce a take over...which you new about a week ago already...Dirty game IMO
Good play, and assumption dev is in on it, as he made a post sounding like the 51% was confirmed.
Basically dev tanks the price of his own coin, scoops up tons of cheap coins, then a 'new team' takes over, forks, or whatever (even without an actual fork)... recovery and so on. It's probably an easier way to go profit-wise than actually just being honest and adding stuff to a coin normally.
Basically anyone trading in this coin now is sort of playing with a dead coin walking... no dev involved with this coin will ever have the investor's trust again.