LEOMM price dropped

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Recently I’ve seen the price drop in LeoMM. I don’t have much but I have 3 LeoMM. Two or maybe 3 days ago, its price was about 16 USD for 3 LEOMM. But today is 9 USD.
I want to ask why is a quick price drop happened?
Is this due to the increased supply of the token or what?
I also see that this token has 15284 tokens circulating supply. So if new tokens are added in the supply, is this making the fall of price?

I would be appreciated by your valuable comments.
Thanks & Regards
@arslan786

Posted Using LeoFinance Beta



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