I know its for a 9300% gain but its never a good thing when a founder bails.
RE: Litecoin Founder Cashes Out, Sells Entire Stake After 9,300% Rally
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Litecoin Founder Cashes Out, Sells Entire Stake After 9,300% Rally
Agreed. Typically the founder should know things the rest of us don't. Wonder what that is/was and what his motivation was....?
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My guess is either the price exceeded his wildest dreams, or he realizes another crypto has better characteristics than his. Either way, I'd be careful on litecoin in particular.
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Yes, its a bit unusual to sell everything all at once for the people in charge. At a minimum it tells you that he thought the price was more than his expectations. Or maybe he is buying other crypto that might be better???
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