Leoverse in Motion: SURGE Sales Fueling the Next LEO Run
Something is going on with Leoverse, especially when it comes to its three tokens. LEO is stabilizing and showing some strength. LSTR is displaying an anomalous price action. The most interesting of all is SURGE. Since 20 August, when I started monitoring its trades on Hive Engine, I came to the conclusion that within a month or less, the initial sale of 500,000 SURGE at 4 SWAP.HIVE will be gone. Currently traded at $0.81, this perpetual preferred token is sold at a 10% discount.
Below is the table I made since 20 August:
| Date | Price | Remaining Unsold Tokens |
|---|---|---|
| 20 August | 4 SWAP.HIVE | 448,627 |
| 08 September | 3.99 SWAPHIVE | 348,849 |
| 12 September | 4 SWAP.HIVE | 306,392 |
| 16 September | 4 SWAP.HIVE | 272,830 |
As you can observe, in less than a month, 227,168 SURGE have been bought. As of today, the remaining unsold tokens are 236,333. More than half has already been sold.
With the sale from SURGE, @leostrategy intends to use this capital in LEO accumulation. With such a huge buying power, I think it is just a matter of time before LEO sellers will be overpowered and the price of the token will resume its run.
Posted using SoMee