[diegocerdan]

Early developers used this 12.5% to bootstrap projects and also to sustain themselves using ETH as a salary. On the early days ETH was pretty cheap so you can imagine them burning through a lot of it. I would say they hold much less nowadays. Lets say 4%.

And the more they hold, the better for the community as a whole as they have more at stake for the project to succeed.

[cryptodogemoon]

There's no evidence to support your claim.

Even if one provided blockchain transaction logs, they might just be moving funds to wallets owned by the same user.

[zaarn]

So basically, no evidence can convince you that they aren't doing this since the blockchain is afaik the only evidence.

There is no evidence on the contrary point either, many have lost the private keys to 2k ETH wallets at this point...