rumor has it Chinese own already more than 20% of xel supply maybe even more (30%). looks like they are big xel fans and there are words that new exchange will be adding xel sometime soon, big.one from yunbi owner. i don't have problems with Chinese owning such big stake on project but hope it will not end up they owning more than 60% of supply, what is surely possible with xel prices atm. so it would be wise to hold your precious coins.
prepare for a world where >50% belongs to chinese. XEL is just the beginning

Where are these rumors coming in? The rumors I'm aware of is that they feel that Elastic is the new fact, after Ethereum were looking for it, and if we look at the recent coin history, Elastic is the only one with innovation and technology to meet expectations.
i agree with you.