And the price goes up more than compared to other projects. I tried short on EOS when I heard this news a few days ago on Bitmex and lost. It's unbelievable how much the price of it irrationally. And on with great volume of trading. In many exchanges, it is second by volume.
That's not surprising, investors (and many cryptocurrency users) only care about making profits. I'm not a supporter of this shitcoin, in fact, I always recommend people to stay away from this obvious scam project, but let's be honest, with how much this shitcoin gets pump and dump every now and then, chances are that you'll make some decent profit in the short-term.
Of course, it is risky, since the people behind this coin can exit scam at any moment (I wouldn't doubt after reading this news), or the early investors ccould dump it to the ground as soon as it reaches an optimal price target, so you'd be left holding worthless bags, but as long as investors are making money, this vaporware will still get a lot volume in most of the exchanges out there...that's how irrational this market can be sometimes. Hopefully, not many people will get burned once this ticking time bomb explodes, news like this should make people dump eos asap without looking back.