I would say that there is a slight correlation between them. As you have mentioned, all those XYZ tokens/coins are in hands of just a few per cent of a population. However, if they are in hands of more people, the will become more decentralized, no entity will hold (THAT) much power over the market and the price should be more stabilized. Adoption will bring more profit over the long-term than trying to squeeze as much as possible from the market at the moment. I agree with your statement after all  .