72 million eth was premined and is in the hands of devs. Hmm i wonder what could go wrong here...?
60 million of Ethereum was in IPO. 12 million was paid to developers. So the total is 72 million. Not all in the developers.
err 12M is still a shitload of money for dev, we are talking about 16% premine here, it's really true that only the hype matter, when you see a pump like that despite the huge premine