That was my first though, hence I wrote "fraudulent" as one of the options above. However, after doing just a bit of research and applying Hanlon's razor, it seems obvious it was just Coinmarketcap that wasn't prepared and spent some time turning around in this case.

In the fiat world it's not abnormal to renew the currency and slash some zeros after a big and sudden value loss, I find it likely that the PACcoin team did the same, and that this move was planned some time in advance.