Can you please include hive-engine?
This is weird. Where did the 25 million HIVE go? It was not powere up! So where is it?
10 million HIVE were converted to 5 million HBD (because we now have 5 million more HBD than 1 month ago. But what about the difference?
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The price of HIVE used to be lower so it was more than 2 HIVE per HBD and a month ago the HBD supply was 10 million, 20 million now, so 10 million has been added.
Then still 5 million HIVE is missing...
You're forgetting the price was lower. 25 million HIVE @ 0.4 = 10 million HBD. Not all was converted at 0.4 since the price has been rising. Some more probably powered up or held.