It has been illogical since a long time now. So long that I have become used to it by now.
FUN is not "owned" by freebitco.in. As far as I know they just had a tie up with freebitco.in and the project is still owned by FUNToken.
There was a bit of discussion back then about this. I dont think I wanna dig up some old posts for this but that there was a discussion about freebitco.in actually doesnt own FUN but they purchase huge number of FUN token back then when it was cheap then sell it to their userbase at higher price. Back at that time I think FUN only have small community so its basically never made any huge fuss or whatsoever
Dont take my words for this, I can barely remember the details. happy to delete this post if Im wrong about this
In legal terms, the freebitcoin team probably doesn't own FUN, but the fact that more than half of the FUN token emission is locked on Freebitcoin's website definitely matters. In the article from 2021 linked above by uncapchad, it's noticeable that the Freebitcoin team initially had pretty big plans to develop the FUN token in the long term, but something seems to have gone wrong.