Who cares how many coins have the developers? Even if 99%. The value of the coins is not in the holders!
Seriously?
*IF* - I have no idea - *IF* they hold 99% of the coins it makes them worthless.
Currency is oil in the engine.
No oil, the engine freezes solid and the car goes nowhere, it stops.
Without liquidity and free movement of a currency, it is worthless.
If the currency supply is limitted, the price *should* go up, but only once it is in circulation.
It's not called currency by accident. It is a direct refence to the current of a river, with lakes (banks), pools (accounts), waterfalls (market drops), slow meandering loops (low interest rates) and fast flowing shallow sections (everybody wants more).
Holding 99% of the coins and depriving the market of circulation means it becomes worthless - a stagnant pond with no inlet or outlet.
It's at 1500 now, from 1800 earlier.