We posted 2 days ago news Jared Tate leaves the position of CEO of the DigiByte project, highlighting the reasons for his abandonment, stressing that it is greed and greed that made him decide to leave.

The DigiByte project’s currency, DGB, is ranked 37th in terms of total market capitalization, which has recently fallen by 20% in value and the main reason for this appears to be the departure of the founder of the project.

This made him state on Twitter that he is not selling his DGB holdings.

The DigiByte project was launched in 2014, with the intent and vision of being a cheaper and more secure version of Bitcoin.

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The project is being contributed on a voluntary basis, and the project coin has risen to 37th in terms of total market capitalization without even being listed on big exchanges like Binance, and DGB has not been announced as an ICO in its first appearance.

In the days following Tate’s departure, DigiByte’s coin sank.

Looking at the performance of the DGB coin in the last few hours following Jared’s announcement of his resignation, the coin’s price fell by 19.67%.

Jared Tate returned to social media earlier this week to remember As described by “trolls and fake news media,” he was not selling his cryptocurrency, and had no intention of doing so.

1/3 of all trolls and encrypted fake news media. Turning off social media and taking a well-earned summer vacation doesn’t mean selling everything and leaving for good. I still own 99% of all cryptocurrency in DGB and always will. It’s time for DigiByte to shine on its own.

– Jared Tate ©️ (@jaredctate) May 18, 2020

Therefore, Jared’s statement negates speculation that the DigiByte price drop is due to his sale of his cryptocurrency, as well as given Jared’s stated intention to continue creating commercial applications for use on the DigiByte blockchain, it is assumed that seeing the coin crash would not be in his interest.

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The DGB currency has already risen by 930% in the past two months, and therefore its return and decline is inevitable, as behind every rise must be followed by a decline and a decline.

Despite the recent DGB descent that actually started a few days before the Tate announcement, the coin’s price is still 557% higher than it was two months ago.

In conclusion, it can be said that the recent decline of the DGB currency may or may not be related to Jared Tate’s withdrawal, but what is certain is that Jared did not sell what he had.

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