TechFlow reports, on July 12, according to on-chain analyst Ember (@EmberCN), LAB market makers cumulatively transferred 18.5 million LAB to Aster within the past two days, valued at approximately $18.69 million at the time of transfer.
Among them, 8 million LAB were transferred the previous night, after which the price fell from $1.2 to $0.89, a drop of 26%; last night another 10.5 million LAB were transferred, valued at approximately $9.15 million, and LAB fell further by 37% in the past 11 hours. After the two large transfers, the LAB price has fallen from $1.2 to $0.56 within two days, with a cumulative drop of approximately 53%.
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