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

Odaily reported that, according to on-chain analyst Yu Jin's monitoring, after 8 million LAB entered Aster, a spot sell-off was suspected. At the time of transfer, the price was still $1.2, but it dropped 26% to $0.89 a few hours later. Simultaneously, after LAB entered Aster, the trading volume of LAB on Aster increased significantly.