Analysis: LAB whales dumped 18.5 million tokens in two days, causing the price to halve

Jinse Finance reported that, on July 12, according to EmberCN monitoring, the LAB whale continued to transfer 10.5 million LAB (approximately $9.15 million) to Aster last night. Over the past 11 hours, LAB fell another 37% to $0.56. Within two days, a total of 18.5 million LAB (around $18.69 million) was transferred, with the price dropping from $1.2 to $0.56, a decrease of 53%. After 8 million LAB (about $9.54 million) was transferred the night before, LAB dropped from $1.2 to $0.89, a fall of 26%. The continued transfers last night led to a further 37% price decline.