Because it didnt flip Hive. Flippening is a market cap activity. Having a higher token price means little because the floats are so different.
We are still talking about $60 million or so versus $4.5 milion.
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Okay. I understand. I was only looking at the price.
Passing the price is important and part of the process to surpass the market cap. Leo has 30 million tokens (a bit less) and Hive 500 million. So it is easy to see where the difference in market cap comes from.
The true flippening is when the market cap of Leo outpaces that of Hive. That will likely be around the $5 $LEO range.
I hope that happens in my lifetime