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.
I wonder how much can people stretch their imagination.
Need to sleep, but so interesting watching trex... I bought 10 VIA at 0.00007100 before it went crazy.
I'm assuming he bought more
If the dev has any vested interest in his coin he should publish his wallet address along with normal block explorer so that we can keep track of his vested interest.
People in this community are so bi-polar.
If the dev kept some coin for himself people would use that as evidence to claim the same thing you are claiming. So, does instamine the dev keeps mean it's a scam, or does the dev selling all the pre-mine coins mean it's a scam. Apparently everything is a scam.
So, either you are a white knight and trying to protect us all from ourselves. OR you are here to FUD, hoping the price drops because you realized you missed out on a good opportunity. Because if you really didn't care, you just wouldn't be here.