I always thought that having wide distribution has huge benefit to a coin, especially PoS coin.
But recently someone told me that it has only slight benefit.
I thought that widely distributed coin will not have risks of pumps and consequently dumps.
Some debate that AUR was widely distributed and dumped.
I object saying that it was initially pumped only because of poor initial distribution before airdrop and also did not have useful features.
If it had same qualities as Ether or NXT and was not allowed to be traded before airdrop is finished then it would not be pumped dumped.
All else equal, an asset with many holders is far preferable to one with few.
A new currency's "pump-and-dump" is not something to be feared or suppressed. Instead, it is a mechanism for moving towards a healthier and more stable distribution.