From how it’s (badly phrased) it sounds like he made the coins and then “bought” 5% of all of them (from himself) to make it look like there were people buying it, then marketed it out for others to also buy.
Similar idea behind the whole GameStop stocks pump and dump happened. Put in some money to give the illusion that it’s hot and in demand, and then cash out when enough have joined.
From how it’s (badly phrased) it sounds like he made the coins and then “bought” 5% of all of them (from himself) to make it look like there were people buying it, then marketed it out for others to also buy.
Similar idea behind the whole GameStop stocks pump and dump happened. Put in some money to give the illusion that it’s hot and in demand, and then cash out when enough have joined.