PN7YXaTL2FxhqAojKFnJ6hh6xCzxFh1uHE is Bittrex's wallet.
08-Jan Bittrex had only 0.7m coins. But now Bittrex has double. Many investor leave this coin.
And Bittrex still has 1.6m coins. It means coin's price will be down.
PN7YXaTL2FxhqAojKFnJ6hh6xCzxFh1uHE is a Bittrex wallet indeed.
BUT:
That does not mean BITTREX own those coins !
I dont think he meant bittrex owns the coins. What i think hes trying to say is noone is comfortable taking coins off exchange. They fear of price drop. People will sell just to go away with the minimal loss instead of getting nothing for coins. Dev needs to make investors feel more comfortable maybe with more frequent updates and answering questions that are asked.