LAB fell sharply as a major holder continued transferring tokens to Aster, according to monitoring data cited by BlockBeats. EmberCN said on July 12 that the operator moved another 10.5 million LAB, worth about $9.15 million, on the previous night. Over the past 11 hours, the token then dropped another 37% to $0.56.
Across two days, the same party transferred a total of 18.5 million LAB, valued at about $18.69 million. During that span, LAB slid from $1.2 to $0.56, a cumulative decline of 53%. EmberCN’s breakdown also showed that after an earlier transfer of 8 million LAB, worth roughly $9.54 million, on the night before, the token had already fallen from $1.2 to $0.89, down 26%.
The latest transfer was followed by another leg lower, extending the two-day selloff. The figures in the report were attributed to EmberCN monitoring data and published by BlockBeats.
LAB extended its decline after a major holder moved more tokens to Aster, according to monitoring data cited by BlockBeats on July 12.
EmberCN said the operator transferred another 10.5 million LAB on the previous night, worth about $9.15 million. Over the past 11 hours, LAB fell another 37% to $0.56.
In total, 18.5 million LAB, valued at about $18.69 million, was transferred over two days. During the same period, the token dropped from $1.2 to $0.56, a 53% decline.
EmberCN also said an earlier transfer of 8 million LAB, worth about $9.54 million, took place the night before. After that move, LAB fell from $1.2 to $0.89, down 26%. Following the latest transfer, the price then fell another 37%.
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