Litecoin founder sells all of his Litecoin

Interesting news. Charles Lee, founder of Litecoin, has sold his shares of Litecoin. Here's an excerpt from an article on TechCrunch that explains it a bit more:

"Charlie Lee, the former director of engineering at Coinbase, is selling almost all of his holdings in Litecoin (LTC), the cryptocurrency that he founded in 2011.

Lee explained in a post on Reddit that he is selling all of his LTC coins — bar a number of physical coins he keeps as collectibles — to avoid the conflict of interest that comes with his influence and position as LTC founder.

Thanks to his time at Coinbase and LTC, Lee is regarded as a key influencer in the crypto space and he has accumulated more than 378,000 followers on Twitter, where his handle is @SatoshiLite. While he said he has stayed away from tweeting about LTC prices directly, he acknowledged his tweets have been criticized in some quarters as manipulating the price despite whatever his best interest. Lee readily admits that his position represented a conflict of interest, hence the unload."

You can read the full article here: https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/