Litecoin founder Charlie Lee revealed on social media that he has sold and donated all his LTC holdings. Right now, he no longer has meaningful direct exposure to the Litecoin cryptocurrency.
He also shared that with this action, he wants to avoid the appearance of a conflict of interest when promoting LTC as someone with so much social influence. Lee will continue to work for the cryptocurrency and benefit from it’s growth, however, it won’t be by holding litecoin itself.
However, with this action the community of litecoin has been a bit scared. The majority of the community does not share the same opinion with Lee. Also the timing of the situation is a little bit doubtful. Because Lee shared this after Bitcoin Cash added to Coinbase and Gdax.
What do you think about this action? Share your opinion with us!