It may be true that Charlie Lee has sold most of his LTC holdings, it makes more sense because LTC was stagnant for so long, it was important for him to close the profits. With the profits he can use it to better enhance LTC itself, I am sure he would have picked much more when prices relaxed for a bit but media never reported his buys, only sells. Having said this Charlie Lee is very sincere and hard working guy according to me but he is an opportunist, that's how he created LTC at first place jumping from GOOGL, during that time we were or atleast I was busy playing games like GTA!