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I think one old whale sold because they had disagreements with the team. Leo doesn’t have a positive or negative market sentiment. It’s generally not known or understood. If people understood it they’d be buying like crazy. Thats the only challenge I believe and it’s being addressed.

If there is one or two new people trying to become whales here you’ll see the price recover very quickly. It’s a small supply

oooooo this explains a lot. So one dude screw all of us. I really don't like it when one guy has too much stake in a project. He or she can control in a way.
Like what is happening with the Leo proposal

Well this just means more people have a chance to buy in low and make a more decentralized chain!