That is a very surprising move. I understand his reasoning although I cannot say I feel 100% comfortable with LTC position. Charlie Lee is one of the foremost experts in this field in my opinion. For this reason I never bet against him.

He also seems like a class act. I don't think his selling is a sign of what is to come in terms of price. That said, can we ever know. Perhaps he is bailing at the top.

On one hand I do want a guy as powerful as that aligned with my desires, ie appreciation of the token. Of course, the whale point is well served. We see so many of these tokens (STEEM included) abused simply because one has an enormous stake in it.

Hopefully Lee is an honorable as he appears and will keep working diligently on litecoin and giving 1000% to making it a huge success.