what's UNUS SED LEO?
UNUS SED LEO (LEO) is a utility token launched by iFinex Inc., the parent company of the Bitfinex cryptocurrency exchange, in May 2019. It was created as part of a settlement with the New York Attorney General to provide benefits to the exchange's users and support platform operations. Holders of LEO can use the token to receive discounts on trading fees, with the discount percentage increasing based on the amount held and traded on Bitfinex. The token operates on the Ethereum blockchain as an ERC-20 standard asset. The LEO token ecosystem is integrated directly into Bitfinex's trading infrastructure, where it incentivizes loyalty and reduces costs for active traders. A portion of the exchange's revenue is used to buy back and burn LEO tokens, aiming to create deflationary pressure over time. This mechanism ties the token's value to the overall health and volume of the Bitfinex platform. LEO does not have its own independent blockchain but leverages Ethereum for transfers and smart contract interactions. Beyond fee discounts, LEO serves as a governance and utility asset within the iFinex family of products, including potential future expansions into lending and margin trading features. Its design emphasizes long-term utility for exchange users rather than speculative trading, with a total supply capped at 986 million tokens, of which a significant portion is already in circulation.
Smart money is accumulating LEO tokens over a 5-day period as of December 24, 2025.
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LEO premium may indicate movement related to hacked Bitfinex BTC, which represents 30% of the US Strategic Bitcoin Reserve, according to an analyst.
Ranked among top gainers on February 24, 2026.
Ranks among top gainers in the crypto market on February 19, 2026.
Listed among top gainers in the crypto market on February 17, 2026.
Smart money is accumulating LEO tokens over a 5-day period as of December 24, 2025, according to market observers tracking whale activity patterns.
Bitfinex eliminated all trading fees, an action that preceded LEO's market outperformance.
Listed among top gainers on December 19, 2025, alongside ZEC, BCH, CC, and WLFI.
Has a liquidity pool paired with STX on ALEX that ranks third by fee rebate distribution at 10% of total rewards.
On December 2, LEO declines -5.51% in 24 hours, placing among the top three biggest losers in the crypto market.
The $ALEX - $LEO liquidity pool offers 43% APR combined rewards (farming yields plus fee rebate) for cycle #333, ranking second among farming opportunities with less than 25 hours remaining to join, up from 36% APR in cycle #332.
The $ALEX - $LEO liquidity pool offers 36% APR combined rewards (farming yields plus fee rebate) for cycle #332, ranking second among available farming opportunities with less than 21 hours remaining to join.
LEO gains +1% on November 14 and leads top movers alongside ZEC during one of the year's biggest crypto selloffs, while major cryptocurrencies drop 7-12%.
A $STX - $LEO liquidity pool offers 12% APR, ranking as the third highest LP rewards pool.
Farming yield increases to 35% APR for ALEX cycle #329, up from 34% APR in cycle #328, while maintaining second place position.
LEO groups with BTC, ETH, and BNB as one of the few top cryptocurrencies with smaller losses from all-time highs, according to Galaxy Research report showing 72 of top 100 cryptos remain 50%+ below peaks.
LEO is one of only 17 coins in the Top 100 that are up in the last 90 days, grouped with other CEX tokens including BNB, MNT, OKB, and KCS.
Farming yield decreases to 34% APR for ALEX cycle #328, down from 41% APR in cycle #327, while maintaining second place position.
Current trading volume of 700k against $8 billion market cap shows minimal trading activity.
Farming yield increases to 41% APR for ALEX cycle #327, up from 36% APR in cycle #325, while maintaining second place position.
Ranks as the #4 top daily crypto gainer on October 28, 2025, according to CoinMarketCap data.
Over the last two years, LEO (grouped with BNB and OKB) gained 130-390% while VC infrastructure coins declined 80%.
Farming yield decreases to 36% APR for ALEX cycle #325 from previous 41% APR, staying in second place.
Farming yield improves to 41% APR in ALEX cycle #324, rising from the previously reported 37% APR while staying in second position.
LEO farming yield declines to 37% APR while falling to second place in ALEX rewards rankings from previous top position at 85% APR.
Trader categorizes LEO among strong performing coins for the day.
LEO maintains top position in ALEX farming rewards with yield increasing to 85% APR, up from previously reported 80% APR.
LEO reaches top spot in ALEX farming rewards at 80% APR, moving up from third position with significant yield improvement.
LEO achieves third position in ALEX's fee rebate pool rankings.
ALEX-LEO farm yield drops 32% to 30% APR while maintaining second position in yield rankings.
ALEX-LEO farm yield increases to 44% APR, up 22% from previous rate while maintaining second position.
ALEX-LEO farm yield drops to 36% APR, maintaining second position despite 25% decline from recent peak
Staking yields surge 60% as ALEX-LEO farm pool reaches 48% APR, claiming second-highest yield position.
Staking yields decline 44% as ALEX-LEO farm pool reaches 30% APR
Token demonstrates strong market resilience, down only 10% from peak while competitor exchange tokens decline 40-60%.
LEO emerges as top gainer while major cryptocurrencies decline 3-6% in market-wide selloff.
Token demonstrates zero correlation with broader crypto market, characterized by low trading velocity and concentrated whale holdings.
Staking rewards surge 17% as ALEX-LEO farm pool reaches 54% APR
New async/await functionality enables cross-transaction computation flows and introduces web programming paradigms to ZK development.
Staking yield drops to 46% APR in ALEX-LEO farm pool, marking 63% decrease from previous rate.
Ranks among top 5 cryptocurrencies for increased whale transaction activity this week
Demonstrates market strength as top gainer while major cryptocurrencies drop 2-8% amid geopolitical tensions.
Protocol upgrade introduces USDC staking rewards and ZEC trading pairs.
Shows significant market divergence as sole declining asset among top 100 cryptocurrencies
Staking yield decreases to 109% APR with voting participation hitting all-time high of 111.7M votes.
Total votes surge 84% to 83M as APR drops to 146%; voter rewards increase to $7K from $4.5K.
Total votes reach 45M as staking APR decreases to 274%, maintaining highest yield position in Surge 4 program.
Staking APR decreases to 373% from previous 493%, maintaining highest yield among Surge 4 pools.
Commands 70% of total votes (28M/40M) in Surge 4 program, leading voter rewards across major pools.
New staking program launches with 493% APR, highest among all pools in Surge 4 program.
Drops to #2 position in Surge Trading competition, trailing by only $8 with 3 days remaining.
Regains #1 position on Surge Trading Leaderboard with 5 days remaining in competition.
Drops to #2 position on Surge Trading Leaderboard, trailing leader by $1 in fees with 6 days remaining in competition.
Ranks #1 on Surge Trading Leaderboard with 50+ pools registered in first 12 hours of competition running through May 29.
New token-based recovery plan launched for affected users of shutdown protocol, following Bitfinex LEO model.
Whale transactions show significant 30-day increase, ranking 3rd among $500M+ market cap projects during market retracement.
Market cap of $9B is concentrated among only 3,000 holders despite top-11 CMC ranking, indicating high ownership concentration risk.
Token maintains 0% price change over 90 days while BTC drops 17% and ETH drops 53.3%, showing strong relative performance.
Exchange token demonstrates strong relative performance, holding value during market-wide decline.
Market preparing for return of 94k BTC to Bitfinex. Per whitepaper, 80% (75k BTC) will be used to buy and burn LEO over 18 months.
Bitfinex plans to sell 80% of seized BTC (75,709 BTC worth $7.5bn) to buy and burn LEO over 18-month period. Current LEO market cap: $8.96bn.