Yes, many people are doing that... in fact I'll be so bold as to say that most people are doing that. However, this does not matter.

It only takes one person to do the math and figure out that they can rent CPU power to farm the pool and extract value from the Uniswap trading pair. This dynamic forces Koin into a very tight range when it comes to trading value. 3 cents is the key support level. Pretty heavy resistance at 4 cents. It's a tight band for a project with such a low market cap.