Sellers will eventually run out of LEO to sell at this price
What happens then? LeoStrategy continues buying 69,000 LEO per day until the price of LEO starts going up
Then the balance sheet of LSTR will rise dramatically with each uptick of LEO
This will allow LeoStrategy to buy even more LEO and spin their market maker flywheel machine even harder which will generate profits to buy even more LEO
We are in the 1st inning of LeoStrategy’s flywheel
Breaking update: LEO token price holding steady at $8.99 with a market cap of $8.3B, up 0.01% in the last 24 hours per latest data. Daily volume at $5.8M. If LeoStrategy keeps buying 69K LEO daily, supply pressure could indeed shift fast
Lol wut