Litecoin, founder Charlie Lee sells his coins

Litecoin, founder Charlie Lee sells his coins: a decision officially taken to put an end to any manipulation hypothesis… is that true?

The news - in a climate where every aspect of the cryptocurrency suddenly takes on the international limelight - it certainly has not gone unnoticed. Charlie Lee, founder of Litecoin, he sold all his coins, thus abandoning the cryptocurrency heritage which he himself had helped found in 2011.

A move - that of Lee - which immediately aroused great suspicion. After all, it is as if the top manager of a listed company had suddenly chosen to sell all the shares held in the same investee and managed company.

Post on Reddit

Precisely for this reason Lee considered it appropriate to explain his motivations by publishing a post on Reddit, in which he explains how every time he tweeted about the price of Litcoin, or even in the sole hypothesis in which good or bad news was spread, the founder was repeatedly accused of doing so on a personal basis. Lee then explained that some people would even believe he was betting against Litecoin.

In short, Lee would have grown tired of receiving constant accusations that he was exploiting his followers to be able to maneuver the price of cryptocurrency. An accusation that, moreover, the media have strengthened by recalling that his brother, Bobby, is among the founders of BTCC, one of the best known and most important exchange platforms in the world for cryptocurrencies.

Founder Litecoin sells his coins

"I have always refrained from buying or selling litecoin before or after my most important tweets, but I only know this“Says Lee. "And there will always be doubt that my actions are geared towards increasing my personal wealth rather than the success of litecoin and cryptocurrencies in general".

Finally, the founder of Litecoin closes with an invitation, asking the audience of stakeholders not to ask how many Litecoin he owned, and at what price he managed to sell them ...