I was just analyzing the LEO market on an alternate hive-engine website, and noticed something awfully peculiar about the LEO market...
I discovered that the price of LEO appears to be controlled, and purposely held down by some sort of automated bot named @leomaker!
If you've ever wondered why the price of LEO never seems to grow, well then this is the answer. The only material account selling LEO seems to be leomaker, which sure does a lot of it! In fact 99% of all the sell orders are from this one entity. Sure I can understand the project needs to sell leo from time to time, however, the way they are doing it with so many little orders stacked up so long seems a bit over the top, that's why I wouldn't buy any LEO at the moment until this type of market manipulation stops! Considering these recent findings of this huge automated LEO sell wall, I wouldn't be surprised if the price of LEO has a big drop coming soon!
The bright side is... (There's always a bright side)
If these orders were not here, I could imagine the price of LEO would go sky high. Also by monitoring this LEOMAKEr bot action it may be easier to identify when the next pump is going to happen once the leomaker oppression bot stops.
The proof is in the LEO pudding! π©
I took a few screenshots, strung them together, and posted them below for illustration purposes. Please bear in mind that the actual leomaker sell wall list is a lot longer, about 3X longer than the "long image" I have below. If you would like to check it in real time out for yourself, you can find it on this alternative hive-engine site located here: https://cfoxon.github.io/?p=market&t=LEO
Well that's disturbing. I was adding Leo as a second layer token but I don't like market manipulation.
Yeah, it was really disturbing when I saw it, looks like the LEO sell bot went rogue! lol
https://ecency.com/hive-167922/@citywriter/do-you-sell-leo
it happens for a long time
Yeah, it has ever since the big LEO pump a long long time ago!
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wow, I wonder if it would start buying all LEO if price got too low.. that's like a LEO stabilizer?? :P
note: I read another post which said u can now earn a badge if u purchase 150 LEO (about 20 HIVE atm), so I tried but couldn't do it.. at least not on leo dex. so I gave up.. don't really mess with tokens anyway.
I've seen it buy before too, I guess maybe it does after it dumps to its desired level, seems like around .08ish. So it's not all that bad, but a little bit concerning.
As for the Leo badge, I have no idea, I never received one. I have been totally blocked from the leo platform anyway, they don't like me at all because I post truthful articles and don't pander to anyone.
oh my, for real?? ππ€£ππ€
Yup!
Sell ββWall and Buy Wall are very basic concepts. It is definitely worth having knowledge on this subject, so I recommend this post to every beginner: https://gamerseo.com/blog/what-is-a-sell-wall-and-how-it-reveals-the-trading-market/