correct me if i am wrong.
this is the very first transaction of that wallet
0x16623ea05da16212bb1603052dcdfd071c0db897ef37ac70663d21cc85af5e18 753936 0x1896472006d6a634100fdae325333f2cea1c98f7 0x864076e24d79a019efd2dae218e54bde55643c1d 2.749033537 3 hours, 21 mins
which only happend few hours ago. so where did all other coins come to this wallet ?
I think it belongs most probably to some Chinese farm with a HUGE hashrate. These guys invested a lot of money in this business and believe me, their support is gonna be strong. And
these coins are not premined as they are still being mined. 1.3mil of ELLA is
1/215 of the Max Supply. Think about Bitcoin - Satoshi team owns
1/20 of the total supply, this is a proven fact. More than 1/4 of all BTC belongs to a dozen of other whales, 15% of BTC are lost with no chance to be recovered. Does this fact make BTC unsuccessful? Think about it.