Will the 77K LEO Unstaking Signal Selling Pressure or Strategic Moves?

As I published yesterday about a significant sale of 100,000 LEO tokens by a major stakeholder, even though it raised questions about the motivations behind the sale and its potential impact on the market, there is still nothing to be worried about. Despite the large exit, the price of LEO remained stable, indicating strong buyer support and suggesting optimism for future price movements.

Just an hour ago, I observed another Leader of the Pack that owned 77,529 LEO. The account started unstaking last 22 August. The good thing is that after unstaking 25% of his LEO holdings, instead of selling, he just transferred them to another account. Moreover, I also observed that this account is accumulating SURGE. He now owns 8,593 SURGE. That's huge. That's more than $7,000.00. That's beyond my reach.

This account holder is more discreet in posting his LEO sell order. He has been doing it in small quantities. So far, he has already unstaked 75% of his LEO tokens. Just four hours ago, he unstaked 19,382 LEO. His last unstaking is scheduled on 19 September. I think, after that time, if no big LEO holders are selling the token, the selling pressure will stop, and the price will resume its uptrend rally.

Posted using SoMee