LAB fell sharply after large transfers from a market-making or controlling wallet to Aster, according to monitoring data cited by Techub News. EmberCN said the wallet sent another 10.5 million LAB to Aster last night, a batch valued at about $9.15 million based on the figures in the report. Over the past 11 hours, LAB dropped 37% to $0.56.
The monitoring data also showed that the same wallet moved a total of 18.5 million LAB to Aster over two days, worth about $18.69 million. During that period, the token price slid from $1.2 to $0.56, taking the cumulative decline to 53%. The report did not provide additional details on the purpose of the transfers beyond the on-chain movements tracked by EmberCN.
LAB dropped to $0.56 after a large holder wallet kept sending tokens to Aster, according to monitoring data from EmberCN cited by Techub News. The wallet moved another 10.5 million LAB last night, worth about $9.15 million. Over the past 11 hours, LAB fell 37%.
EmberCN’s data showed the same wallet transferred a total of 18.5 million LAB to Aster over two days, worth about $18.69 million. In that span, LAB fell from $1.2 to $0.56, bringing the cumulative decline to 53%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
