It's always better to get in early than later for sure. My point is that there were many less CLAMs created by staking during the three months that the lottery ran than in any three month period since then. If you're looking for "the premine", the lottery isn't it. I would suggest that the "whale digger" is a much richer seam to mine if you're looking for a foundation for building a conspiracy theory.

Here's a picture showing the scale of the two things : the whale digger claimed almost 10 times more CLAMs than all the lottery winners combined:



Edit: oh, but I see your point. The lottery created ~60k CLAMs into a market cap of maybe 70k, almost doubling the supply, whereas the whale digger created 500k into an existing supply of 800k, adding only around 60% to the supply, so it's possible that the lottery winners would have ended up with a bigger share of the supply than the whale digger, if they had held and staked their winnings.