The LEO tokens has dropped since it moved over to Hive from Steem.  This makes a lot of sense since it is now pegged to HIVE which staged a massive run.  I am sure it is merely coincidence but it is interesting to note that HIVE took off right after the LEO token was moved to Hive-Engine.

When we look at the buy-sell wall, this is what we see.  It looks very bearish.

![leofinance.png](https://images.hive.blog/DQmSccgMyWvi59NH6nKGvWA1wQr29Y8ye7zNUL9DjaQmZUL/leofinance.png)

A picture can be worth a thousand words but it can also be misleading.  

When we look at the actual sell wall, this is what we see.

![leofinance.png](https://images.hive.blog/DQmZmGNYdSdFLPJu8UZCTmkSSbWX4WF3CYYq9Vd2JQCgu1Y/leofinance.png)

Even though the present bid price is $.02, it only takes 113 HIVE to get the price up to .075.  In USD terms, this is only $68 to move us from the present levels by wiping out all those sell offers.

Looking at things a bit closer, going back to the graph, we notice something else.

![leofinance.png](https://images.hive.blog/DQmYXyon2N1kDu466jsyUArs9PWkWamZGvm8f53k8BRkHZR/leofinance.png)

There are 24,000 LEO available from .075 to near .09.  This equates out to just under 1,500 HIVE or $900.

<center>![leofinance.png](https://images.hive.blog/DQmTB3hEE4VPPzV24rZwYEZspe4LumUEiu1srMYnEBKwHzk/leofinance.png)</center>

As we can see from the LEO distribution, there are only 4.2 million in total.  Of those, 3.3 million, or 78%, are staked.  This leaves only 900K on the open market.

The more tokens that are staked, the less liquidity we see.  This opens up the door for massive moves with very little buying pressure.

Right now, with the run up in HIVE, it is sensible that most are focusing upon that.  However, with all that is taking place with Leofinance, it will not take a great deal of interest to push things in the other direction.  

As these numbers show it will not take a whole lot to cause a massive run up in LEO.  This is what happens with tight floats that are in strong hands.  Of course, as the price increases, more sellers could enter the market also.  However, we are unlikely to see much in the way of major selling under .10 LEO.

None of this means that prices can't fall.  As the buy side shows, there is not a lot of buy support posted.  That does not mean that buyers wouldn't jump in if prices drift down since the risk-reward ration only keeps improving.

Low liquidity always opens up the door for massive moves.

LEO could find itself in this position at some point.

*This is not financial advice.*

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gif by @doze

![image.png](https://files.peakd.com/file/peakd-hive/taskmaster4450/AyvHLP0Q-image.png)

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