Not really connecting the dots. We don't know who has these funds. But honestly, this gives the coin some of the problems with a premine but without any of the benefits.

Although, it's not a big premine, but as it stands right now, one person owns about 66% of circulating supply and we don't know who it is and if that person will do a quick exit once this hits an exchange.

If they do, that would be devastating to the coin.