← CoinGraph · Brief #879 · Proof

LEO Token · LEO

LEO -1.0% to $8.81 after a thin 14:00–14:15 dip; OKX volume only $13K

bearishseverity 1/3confidence 45%donescore 9.0opened 2026-10-12 14:15 UTCclaude-opus-5-5

LEO held flat at $8.91 for most of the window, then fell about 1% to $8.81 between 14:00 and 14:15 UTC. Our signals flagged the drop as large compared with LEO's normally tiny swings (1h z-score 11.55, low $8.77). The trading behind it was small: $13K on OKX, which is 322× a typical hour but still a tiny amount in dollars. Bitfinex wallet balances barely changed, and the evidence does not show a clear cause beyond thin-market selling while the wider market was slightly down.

What happened

Likely causes

  1. 1.Thin-liquidity selling on venues covered by the evidence. A few thousand dollars of trading moved a token that usually trades almost nothing per hour, so the move looks larger than it is. (50%) E2E1E8
  2. 2.Mild risk-off market as a backdrop, though LEO fell more than BTC (-0.45%) or ETH (-0.26%). (25%) E5
  3. 3.No specific trigger appears in the evidence: no exchange inflow, news or onchain event explains the drop. (50%) E3E7

Onchain

Market context

What to watch

Caveats

Evidence (8 items)

  1. E1pricecoingecko:/coins/markets

    LEO $8.8 now; -1.01% over the window (high $8.9, low $8.8); 1h -1.12%, 24h -1.11%, 7d n/a; rank #18, market cap $8.1B, 24h volume $236.4K

    data
    {
     "ath": 10.61,
     "low": 8.81,
     "high": 8.91,
     "rank": 18,
     "as_of": "2026-10-12T14:15:00.000Z",
     "price": 8.81,
     "path_15m": [
      {
       "t": "2026-10-12T12:15:00.000Z",
       "price": 8.9
      },
      {
       "t": "2026-10-12T12:30:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T12:45:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T13:00:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T13:15:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T13:30:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T13:45:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T14:00:00.000Z",
       "price": 8.91
      },
      {
       "t": "2026-10-12T14:15:00.000Z",
       "price": 8.81
      }
     ],
     "market_cap": 8106302824,
     "volume_24h": 236436,
     "change_1h_pct": -1.122334455667789,
     "change_7d_pct": null,
     "change_24h_pct": -1.11324,
     "window_return_pct": -1.01
    }
  2. E2spot_volumeokx:klines:1m

    okx LEO/USDT: $13K traded in the last hour vs a typical hour of $40.3 (322.6×); busiest minutes: 14:05 $8.1K (+0.067%), 14:04 $2.4K (-0.247%), 14:02 $1.8K (+0.269%), 14:08 $630.8 (-0.427%), 14:06 $89 (-0.067%)

    data
    {
     "ratio": 322.6254316473669,
     "venue": "okx",
     "symbol": "LEO/USDT",
     "volume_1h_usd": 13004.812446442,
     "busiest_minutes": [
      {
       "v": "8077.256821469",
       "ts": "2026-10-12T14:05:00.000Z",
       "ret": "0.067",
       "close": "8.906"
      },
      {
       "v": "2400.000028946",
       "ts": "2026-10-12T14:04:00.000Z",
       "ret": "-0.247",
       "close": "8.9"
      },
      {
       "v": "1761.803536282",
       "ts": "2026-10-12T14:02:00.000Z",
       "ret": "0.269",
       "close": "8.93"
      },
      {
       "v": "630.818988086",
       "ts": "2026-10-12T14:08:00.000Z",
       "ret": "-0.427",
       "close": "8.856"
      },
      {
       "v": "89.019391619",
       "ts": "2026-10-12T14:06:00.000Z",
       "ret": "-0.067",
       "close": "8.899"
      }
     ],
     "volume_window_usd": 13015.348591065,
     "median_hourly_24h_usd": 40.309322114
    }
  3. E3exchange_reservesnownodes:eth-blockbook:/address/{wallet}

    Known exchange wallets hold 10M LEO ($91.8M): bitfinex 10M (+0.01% vs 24h ago), gate 90K (0% vs 24h ago), okx 0.0000000023 (0% vs 24h ago)

    data
    {
     "by_exchange": [
      {
       "entity": "bitfinex",
       "balance": 10211454.966496345,
       "balance_usd": 90984063.75148243,
       "change_24h_pct": 0.01
      },
      {
       "entity": "gate",
       "balance": 89900.1844094153,
       "balance_usd": 801010.6430878903,
       "change_24h_pct": 0
      },
      {
       "entity": "okx",
       "balance": 2.307524171e-9,
       "balance_usd": 2.056004036361e-8,
       "change_24h_pct": 0
      }
     ]
    }
  4. E4network_feesnownodes:eth:eth_feeHistory

    ETH base fee 0.46 gwei (24h average 0.11), blocks 49% full

    data
    {
     "as_of": "2026-10-12T14:02:00.000Z",
     "chain": "eth",
     "base_fee_gwei": 0.45898168928,
     "gas_used_ratio": 0.4878846530650374,
     "avg_base_fee_24h_gwei": 0.11214122618805555,
     "priority_fee_p50_gwei": 0.4503512315466664
    }
  5. E5market_contextcoingecko:/coins/markets+/global

    Market: BTC -0.45% and ETH -0.26% over the same window; total crypto market cap -1.77% in 24h; categories: Exchange-based Tokens, Centralized Exchange (CEX) Token, Ethereum Ecosystem, Sora Ecosystem

    data
    {
     "trending": false,
     "categories": [
      "Exchange-based Tokens",
      "Centralized Exchange (CEX) Token",
      "Ethereum Ecosystem",
      "Sora Ecosystem"
     ],
     "btc_change_24h_pct": -0.12376,
     "btc_window_return_pct": -0.45,
     "eth_window_return_pct": -0.26,
     "global_market_cap_change_24h_pct": -1.7682631588533275
    }
  6. E6market_moodalternative.me:/fng

    Crypto Fear & Greed index 69 (Greed) today, 70 a week ago

    data
    {
     "day": "2026-10-12T00:00:00.000Z",
     "value": 69,
     "week_ago": 70,
     "classification": "Greed"
    }
  7. E7dev_and_communitycoingecko:/coins/{id}

    developer activity: not tracked by CoinGecko for this coin; CoinGecko sentiment 100% positive (as of 2026-10-12)

    data
    {
     "as_of": "2026-10-12T00:00:26.924Z",
     "forks": null,
     "stars": null,
     "commits_4w": null,
     "prs_merged": null,
     "sentiment_up_pct": 100,
     "twitter_followers": null,
     "reddit_subscribers": null
    }
  8. E8signalscoingraph:signals

    Triggered by: price_move (down, high) at 14:10; price_move (down, high) at 14:15

    data
    {
     "signals": [
      {
       "id": "57422",
       "kind": "price_move",
       "ratio": 11.55,
       "value": -1.571,
       "details": {
        "z_1h": 11.55,
        "price": 8.77,
        "ret_1h_pct": -1.571,
        "ret_15m_pct": -1.571
       },
       "baseline": 0.137,
       "event_ts": "2026-10-12T14:10:00.000Z",
       "severity": 3,
       "direction": "down"
      },
      {
       "id": "57474",
       "kind": "price_move",
       "ratio": 7.46,
       "value": -1.122,
       "details": {
        "z_1h": 7.46,
        "price": 8.81,
        "ret_1h_pct": -1.122,
        "ret_15m_pct": -1.122
       },
       "baseline": 0.151,
       "event_ts": "2026-10-12T14:15:00.000Z",
       "severity": 3,
       "direction": "down"
      }
     ]
    }
LEO: LEO -1.0% to $8.81 after a thin 14:00–14:15 dip; OKX volume only $13K — CoinGraph