Yes, I don't really get it either. I should dedicate some time to a $LEO tokenomics deep dive and calculations, as all transactions are accessible on the Hive blockchain.
But it's true that with more and more users on INLEO, many of them having some $LEO being staked, and the LeoDex daily swapped amounts having taken off for a week or so, $LEO's current price behavior is kind of weird.