market-cap paradox - Leo sits at #16 by value, yet trades like a ghost.
in some analyses i ran with edgen, #LEO current status honestly surprised me a bit..
- price $9.57, market cap $8.81b,
- 24h volume “$1.68m” > vol/mc = 0.00017.
- performance: 7d −4.22%, 1y +57.14%.
- technically, rsi 23.7 (oversold), below short-term sma/ema; trend is down but sellers look exhausted.
- on tokenomics, there a commitment to regular buyback & burn from ≥27% of ifinex revenues, plus 80% of the 2016 hack recoveries and 95% of the crypto capital net recoveries earmarked for additional burns.
some data i found via edgen analysis:
- circulating ~922.36m leo, total ~985.24m (deflationary).
- erc-20 64% + eos 36%.
- the entire process can be verified via the “leo transparency dashboard.”
as far as i can tell, it’s either “fortress holding” (a sticky holder base parked on bitfinex) or a liquidity mirage.
before i share my own view, i hope @zachxbt will forgive the tag, because i honestly don’t know anyone else in the market who sees and says the facts like he does, he’s basically a 911 emergency number and shouldn’t be bothered.
still, if he wants to weigh in, maybe we can learn something.
to tell which it is, burn tempo, net in-exchange flows, and mindshare recovery seem essential.
without improvement in those three, the “big but flowless” profile may persist.
$leo @EdgenTech #crypto
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