LAB drops to $0.89; 8 million LAB transferred to Aster, suspected spot selling

According to Odaily, on-chain analyst Ember monitoring reports that after 8 million LAB entered Aster, it is suspected that spot selling took place. The token was still priced at $1.2 at the time of transfer, but dropped 26% to $0.89 a few hours later. Meanwhile, following LAB’s entry into Aster, trading volume of LAB on Aster has significantly increased.