It is the ebb and flow of markets. At this moment, LEO Is not bringing a lot of money in from the outside. However, think about how pLEO is going to be funded. Where is all that LEO going to come from?
The track record is that LEO goes on a run with each addition.
And by the way, a year ago LEO was under 10 cents so it is all perspective. You can look at pricing from the highs but are ignoring from the lows.
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pLEO comes from Polygon LEO?
Yes that is where it will be housed. However, it is still going to require people to move LEO onto that chain, the same as was done with bLEO (and wLEO before that).
Another use case that results in LEO being spread out even more.
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I put most of my LEO into CUB but I am glad for low prices because I can accumulate more LEO. Getting more involved with LeoFinance this past year has been incredibly educational.