Data: Suspected LAB insider address once again transferred 7.99 million tokens, causing the price to plummet by 34%

According to on-chain analyst @ai_9684xtpa, a suspected LAB insider address transferred 7.99 million tokens to three new addresses on the Aster platform 11 hours ago. Just an hour and a half after the transfer, the LAB price plummeted from $1.21 to $0.8152, a drop of 34%.

Previously, this address had transferred the same batch of tokens to three new addresses three hours ago, valued at approximately $9.24 million at that time, while three days ago this batch of tokens was worth as much as $141 million.

Since July 6, LAB has crashed from $17.68 to $1.05, a cumulative drop of 94% over three days, with the coin price falling back to levels seen before the suspected manipulation started two months ago, leading the market to suspect that the speculators have entered a direct selling phase.