A wallet flagged as a suspected insider address for LAB moved another 10.5 million LAB to Aster on July 11, according to on-chain analyst Ai Yi (@ai_9684xtpa), as cited by BlockBeats. Based on the transfer-time price of $0.872 per token, the latest transfer was worth about $9.15 million.
The analyst said the wallet used the same transfer method again roughly 22 hours after its previous move. Over the past 24 hours, the address has sent LAB worth about $18.69 million to Aster in total.
The update follows an earlier transfer completed by the same address last night. After that move, LAB briefly saw a sharp price drop, according to the report. The report did not provide more details on the identity of the wallet or whether the transfers were tied to exchange activity beyond the destination address named in the post.
A suspected insider wallet tied to LAB transferred another 10.5 million LAB to Aster on July 11, according to on-chain analyst Ai Yi (@ai_9684xtpa), as cited by BlockBeats. At the transfer-time price of $0.872, the tokens were worth about $9.15 million.
The wallet made the move about 22 hours after using the same method in a previous transfer. Over the past 24 hours, the address has moved LAB worth about $18.69 million to Aster in total.
In an earlier transaction completed last night, the same address transferred tokens and LAB briefly fell sharply afterward.
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