The July 11 transfer lifted the address’s 24-hour movements to about $18.69 million after a similar transaction roughly 22 hours earlier, following a sharp LAB drop after the prior move.
A suspected LAB insider address transferred another 10.5 million LAB to Aster on July 11, on-chain analyst Ai Yi said. At a transfer price of $0.872, the tokens were valued at about $9.15 million. The latest movement brought the address’s transfers over 24 hours to roughly $18.69 million after a similar transfer about 22 hours earlier. The earlier transaction had already been followed by a sharp decline in LAB, underscoring how closely traders are watching large token flows to exchanges or trading venues for signs of potential selling pressure.