I don't think it is misleading as it shows how much/or little effort you put into developing this coin, which is understandable - you don't have incentives to do more.
Imagine a CEO of a firm selling all his shares in his company and then claiming to minority shareholders - I will bring you to the moon because I am rich. The amount of effort you put in coin development is appalling.
What makes you think he didn't buy any at 0.00010 price?
Or any price.
What makes you think he DID buy? All we know is that the dev SOLD 10mln coins. There is no proof of him buying, although this is something that maybe people want to believe in.
I wonder how much can people stretch their imagination.