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Analysis: The LAB market maker sold 18.5 million tokens within two days, causing the price to be cut in half
Over two days, a total of 18.5 million LAB (about $18.69 million) was transferred, with the price dropping from $1.2 to $0.56, a decline of 53%. After transferring 8 million LAB (about $9.54 million) the night before, LAB fell from $1.2 to $0.89, a decline of 26%;
After continuing to transfer last night, the price fell another 37%.