Really, what happened?
I am not the kind of person to rub salt in whale wounds just for fun, am I?
For longterm profits, maybe. They say it's all written on the chain anyway...
Yes, I think so too. They didn't know the internal market and felt free to pump and dump smoothly. Well, well, get wrecked.
I do not think there was an assumption Upbit/Bittrex are the only places to trade it (although the lack of listings might have helped). Lots of coins are bridged to other chains these days. The real surprise was the fast printing they triggered.