@khaleelkazi's thread

Reading this, I finally see someone who absolutely gets the flywheel.

IMO what we’re seeing now is a very healthy rotation from exhausted (old) holders to LeoStrategy

Old holders are dumping LEO at a dirt cheap price ($3M market cap) and LeoStrategy is scooping it up like no tomorrow

Seeing this makes me super happy. I think the sooner LSTR can get to 50 LPS, the better

IMHO, things will play out like this: LSTR is raising capital fast but they understand that it needs to be faster because LEO cannot stay this low for long. Eventually these old holders will run out of LEO to dump.

This is largely made evident that all the dumping happens on Hive Engine. The cross-chain holders continue to hold

Imagine LPS on leostrategy hits $50 before $LEO hits $1

Now, leostrategy will be at $50 per share * 100k shares = $5M

Along with that, their balance sheet will have 5,000,000 LEO = $5M

$10M in combined equity + balance sheet holdings of LEO. So far, they’ve been raising $100k-$500k (with the LSTR and now SURGE presales) with only about $100k in value on the balance sheet (lately, about $250k).

Will the raises be for $1M? $3M?

Then what does the LEO price do from there?

Not to mention all the USDC inflows from sLEO staking, the market maker profits, lstr.voter profits and any other projects they dream up to add profit to the company.

The flywheel has only just begun. What you said about it being just a matter of time is absolutely accurate. I’d like to see it happen sooner — before staking rewards begin on LeoDex — so I am doing my part to push the SURGE presale to sellout before Sept 23