It is very unusual for there to be such a large proportion of a coin's issued supply to be outside of the top 100 addresses for such a short-lived coin.
In fact it was even large only a week ago, before Cryptopia consolidates every small wallet into a single big one, making a single wallet having more than 15% on entire coin's supply at one (now less, because many moved their coins somewhere). This big wallet wasn't big until last week. I think this contradicts to your statement, as we saw the fact that a single exchange, even if it biggest one for the coin, had 15% on a small (relatively) clients wallets.