TechFlow reported on July 12 that on-chain analyst Ember (@EmberCN) tracked a LAB whale transferring a total of 18.5 million LAB to Aster over the past two days, worth about $18.69 million at the time of transfer.
The first move came the night before, when 8 million LAB were sent to Aster. After that transfer, the token’s price fell from $1.2 to $0.89, a 26% drop. The second transfer happened last night, when another 10.5 million LAB, worth about $9.15 million, were moved. LAB then declined another 37% over the past 11 hours.
After the two large transfers, LAB fell from $1.2 to $0.56 over two days, bringing the cumulative decline to about 53%, according to Ember’s tracking cited by TechFlow.
TechFlow reported on July 12 that on-chain analyst Ember (@EmberCN) tracked a LAB whale transferring a total of 18.5 million LAB to Aster over the past two days, worth about $18.69 million at the time of transfer.
Two transfers and the subsequent price moves
The first transfer took place the previous night, when 8 million LAB were sent to Aster. After that move, LAB fell from $1.2 to $0.89, a decline of 26%.
Last night, the same whale transferred another 10.5 million LAB to Aster, valued at about $9.15 million. LAB then dropped a further 37% over the past 11 hours.
Following the two large transfers, LAB fell from $1.2 to $0.56 over two days, for a cumulative decline of about 53%.
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