In the meantime, I came up with an explanation (a good night sleep does wonders!), which extends to a period longer than a few months. LEO value was drained for a while into the other tokens Leofinance launched on other chains, like CUB and POLYCUB, as those two defi applications were very hot. It is still one of the exit options from the Hive ecosystem to the two blockchains, but now there are also HIVE and HBD (also SPS) to share the burden with. The reverse is they can also be entry points just like they are exits.
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