Yes thats 866 btc x 450$, do the math, the guy is rich af.
Why would he risk that much money? He can't possibly dump all those coins at launch without causing a panic sell can he? Any experts on this issue please?
To me he don't look dumb, maybe he's an expert himself. Else someone wouldn't be that dumb to put almost 400K USD into a coin which didn't even launched.
He has hopes on this coin. If it fails, he'll be so fucked up.

you misread dump to dumb lmao. Like most of us investors, he has high hopes for waves, has a money to throw ( alot of money), and i guess thats it no more no less.