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RE: LeoThread 2023-10-16 12:45

in LeoFinancelast year

Leo liquidity is a pure joke.
It would take only ~34000 LEO to dump its price down by -99.91 % . Practically to zero.
So if anyone asks "when you will sell your LEO's ?" - I have the answer:

NEVER

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this is far from the truth

Would probably make barely a 0.01 cent impact. There’s over $300k total liquidity out there and 34,000 is only $1200.

Please be mindful of spreading misinformation

I agree, I failed this, not mentioning that I'm talking about LEODEX ONLY.
Thanks for your note.

I have noticed the liquidity is spread across multiple DEX/accounts.

Is this the total $LEO liquidity or just one DEX/account?

I may be wrong, I just recall having seen different levels of liquidity in different places

you are not wrong, the thread above is wrong. There are 5 liquidity pools and this thread seems to only look at one

I was taking only the LEODEX liquidity. Multi-token bridge is not so bad.

This is a general problem with Hive's second layer tokens from what I've seen. I believe that the best thing to do is wait for sink to see if it will be worth it or, as you said, the value is just illusory since there is no liquidity

it might be for others but this thread is inaccurate. There’s over $300k in liquidity pools but Alfa is only looking at 1 (and it’s the smallest one) of 5 pools

You could sell in batches of 1000 every couple of hours and maybe the price wouldn't be so impacted because the market would suck it up.

We need more volume and liquidity, and for that we need users, a ton of more users...

And ton of liquidity providers...

Thats a whole lot of joke in there. Selling it is not an option indefinitely.

That's so ridiculous, why is it that low?

Because not enough people yet want to buy LEO.

It is still a "hidden GEM"

it’s not, this thread isn’t accurate

I got it

Damn, you're right. Never noticed how bad the liquidity is.

the thread is innacurate. There are 5 liquidity pools with $300k+

You're right, I keep forgetting there are other pools besides just the HIVE based ones.

Great 😊