People seem to be buying a lot of LEO On Hive-Engine to be able to provide liquidity to CubFinance liquidity pools. Also, 20% of the 4% deposit fees are being used to buy LEO off the market and burn it.
That the spread between wLEO and LEO is that big results from the extremely high transaction fees on Ethereum.
See the introduction post for further info on CubFinance:
@leofinance/introducing-cub-finance-or-leofinance-expands-into-defi-on-the-binance-smart-chain
Here's an instructional video for those who want to start providing liquidity put together by 
@scaredycatguide/cubfinance-video-tutorial-on-swapping-coin-adding-liquidity-and-staking
HIVE seems to have broken out of the apex of a triangle to the upside.
This may have to do with 
HIVE is still cheap. But it may not always be when the sinks that will be part of 3Speak go live.