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.
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???
Agreed. Typically the founder should know things the rest of us don't. Wonder what that is/was and what his motivation was....?
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.
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???