It's really interesting to look at these correlations and I'm not sure that being correlated to ETH is very positive but I think that it's always good to see the big picture before people start to blame the small fishes who are powering down 10 hive...
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I appears that ETH going down a lot and RUNE as well was the main reason why LEO took a serious hit lately due to its main LPs being in those ecosystems or strongly connected to them.