There has been a considerable number of posts about Litecoin because if the upcoming LTC halving. This is a kind reminder that not even Litecoin’s creator believes in the project and dumped his bags years ago near the all-time high.
2 min read
For those of you that don’t know, Charlie Lee) “is a computer scientist, best known as the creator of Litecoin“. He calls himself “SatoshiLite” on Twitter. Back in the previous bull-run of 2017, Charlie Lee decided to sell his Litecoin stash as the price was ramping up to the all-time high claiming he sold because it was a conflict of interest for him to hold LTC. How convenient that he does this cashing out probably close to 300 million dollars from investors at the peak of a bubble, right?
This is a CNBC article confirming that he sold his LTC in December 2017.
This article stipulates the sale to be days before a few days before December 20th”, LTC’s previous all-time high at the price of approximately U$420.00 (not a joke, look below).
(It also mentions Charlie Lee sold BCH at $5000 per on Coinbase; the day it launched BCH reached the price of $8000 on Coinbase, allegedly with insider trading taking place)
This is to the level of memecoin rugpulls, but because it happened with a “legacy/old project” nobody seemed to bat much of an eye. So here’s my question to LTC holders: if not even the creator of the project is onboard, and even dumped the tokens on you, why do you hold? Give me one good reason lol
submitted by /u/Harucifer
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