Uhhh...
LeoStrategy just announced a $100k TWAP order that they're going to place sometime this week
If you don't know what a TWAP Order is / how it works, the simple summary is:
LeoStrategy is placing a buy order that executes 1x every 10 minutes & buys a predetermined USD amount of LEO from the market
It executes every 10 minutes, 24/7/365
The source of funds is an initial capital reserve from the SURGE launch. The Market Makers then deposit their profits into this reserve. According to them, it's fully self-sustaining already 🤯 and will scale up as they add more profitable market makers (which come with future product launches, like RWAs once they're live)
So basically, LeoStrategy just alerted us that they will be buying LEO every 10 minutes of every day and that the buys will total $100k. This is in addition to their normal buying patterns we've seen the past few months
I need MOAR LEO
I was getting bored of seeing the $HIVE stash on @leostrategy. This is one of the best news I heard this week.
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whoever is selling Leo now is making it too easy for leostraegy 😭😭😭
If this is true then $LEO is going to explode in the next two days.
There is already little to no liquidity.