LAB drops to $0.89, 8 million LAB transferred to Aster suspected to be sold on spot market

Odaily reported that according to on-chain analyst Ember monitoring, 8 million LAB tokens were transferred to Aster and are suspected to have been sold on the spot market. At the time of transfer, the price was still $1.2, but dropped 26% to $0.89 several hours later. Meanwhile, after LAB entered Aster, the trading volume of LAB on Aster increased significantly.