LAB Whale Transfers 18.5M LAB Tokens to Aster in 2 Days, Triggers 53% Price Collapse

LAB-37.15%
According to PANews citing Onchain Lens tracking by analyst Yu Jin, a LAB whale transferred 10.5 million LAB tokens ($9.15 million) to Aster address overnight on July 12. Over a two-day period, the whale moved a total of 18.5 million LAB tokens ($18.69 million) to the address, causing the token price to plummet from $1.2 to $0.56, a 53% decline. Previous transfers of 8 million LAB tokens ($9.54 million) to Aster had triggered a 26% price drop from $1.2 to $0.89.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments