Why is LEO Token moving today?

LEO Token is essentially flat, up 0.2% over 24 hours at $9.03, while the broader market sells off — Bitcoin is down 3.1% to $81,140. There is no LEO-specific news driving the move; the token's thin 24-hour volume of $226.13K against an $8.31B market cap means it rarely tracks short-term market swings, and that detachment is doing the work today.

The pressure elsewhere is macro. September CPI came in at 3.7%, above forecasts, lifting Treasury yields and putting a Fed hike back on the table, which dragged crypto down alongside equities. Bitcoin's slide below $81,000 triggered roughly $485M in liquidations, part of $942.1M wiped out across the market in 24 hours, with longs accounting for $863.3M, or 91.6% of the total.

Sentiment has also been dented by Washington: Patrick Witt is leaving his White House crypto role with the Clarity Act stalled, and reports that Tether paid millions to Bo Hines' firm during his White House tenure have raised questions over stablecoin regulation.