RE: Leo Whale Report #3
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What's your opinion on someone's own 20% of all coin supply?
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You are viewing a single comment's thread:
What's your opinion on someone's own 20% of all coin supply?
Posted Using LeoFinance Beta
Not a great thing, although that, as I found out, is not what the true numbers are. It seems that the numbers are a bit wonky.
Having a large concentration in one hand is not the best but at least they were purchased on the open market.
The interesting thing about wLEO is that token distribution improves. We are going to see a number of large accounts providing LP. As we know, if there is a lot of buying, the amount of wLEO they have is replaced by ETH. Plus it is all off chain so not part of the activity on Leofinance.
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