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LEO: Prepare for Moon

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Hey remember that buy wall at 1.2?


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Yep, bought them all.

All 20k coins at 1.2 ratio. In my opinion, LEO can only go up for the next 3 months, therefore I want all these coins off the market until then. I don't want them being dumped for arbitrage which is what was getting dangerously close to happening.

I've gone ahead and scrapped together all my remaining ETH into the Uniswap pool with 9500 more wLEO and 5 ETH. I've powered up the other 11k in addition to canceling my powerdown. I don't need to think about selling for a full two months at this point.

In total I am now providing $10k liquidity to the wLEO/ETH pool. Not too shabby considering I still have 44k tokens powered up.

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Batten down the hatches!

We are in for a whirlwind of volatility, LEO fam.
We need to show this ETH community just how serious we are about holding.

My ultimate goal here is for the price of LEO to pump via the Eth pool. The more Eth that get's pumped into the pool, the more Eth I'll receive when I cash out. I'm hoping for a much better ratio than 2000:1. I guess we'll see what's up in December.

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wLEO continues to trade at all time highs with little resistance in the way. The Uniswap liquidity pool is monstrous and contains almost 20% of all coins in circulating supply. That's crazy... and it just keeps going up. The target was $100k to get the attention we needed and we've already tripled that. Q4 is gonna be wild.

Conclusion

LEO has very little liquidity left save for the gigantic Uniswap pool. Anyone who wants to buy any kind of significant amount must use Uniswap at this point or face being arbitraged.

With my upcoming Hive powerdown I will continue to defend support at this 1.2 ratio and hopefully push the market higher going into October. Let this snowball roll for a few months, fam.

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LEO: Prepare for Moon was published on and last updated on 30 Sep 2020.