The distribution will never end, most likely most of those addresses are inactive for now or were black holes all along.
If the staking would work like in NXT, to only distribute the fees, but dont create new coins, then this could could go to the moon.
The staking is keeping the price low unfortunately.
The CLAM network has on average one new block a minute with a reward of 1 CLAM, as others have pointed out.
This sounds like a lot, but should be kept in perspective:
The Bitcoin network has on average one new block every ten minutes with a current reward of 25 BTC; roughly 2.5 BTC per minute.
Even after the up coming halving, there will be approximately 1.25 BTC created per minute.
This brings up another interesting facet of CLAM Proof-Of-Working-Stake.
An important measure of investment in proof-of-work mining involves the time to break-even on the mining hardware purchase cost.
Because of the cost of electricity, mining hardware has a finite shelf-life concerning profitability.
Indeed, many have found it near impossible to even break even.
A "Clam"/coin in the CLAM network is a rough analog of a unit of hashing power in a proof-of-work system.
At some point, I suppose, there must be a similar threshold whereby the electricity cost of running a node and attempting to stake exceeds the expected value of staking a small amount of CLAM, and thus the ability to "break-even" is not possible.
This threshold though would necessarily be much less likely due to the smaller electricity requirements and the fact that regardless how many CLAM are staked the electricity requirement does not proportionally increase.
I would be very interested if anyone had done the conventional mining investment math for CLAM, taking the assumption that a CLAM is a unit of hash power/mining rig.
In the long-term, I would expect that the potential profit from a staking investment outstrips a proof-of-work mining investment.
This would be even more true considering the fact that the investment in staking "hardware"/coins remains liquid and doesn't depreciate in the way that a conventional mining rig does...