$LAB RSI 15 is very oversold, but don’t rush to jump to conclusions about a Long position.
Main causes of the crash
Some on-chain reports mention:
At first, 8 million LAB were moved to Aster and are suspected to have been sold on the spot market. The price immediately dropped by about 26%.
After that, another transfer of around 10.5 million LAB occurred, bringing the total to about 18.5 million LAB entering Aster within two days. The price then fell again by more than 50%.
On-chain researchers like ZachXBT also link the large sales to wallets funded by the project team, although this accusation is still under debate #DYOR Lab 0.3🔥
Main causes of the crash
Some on-chain reports mention:
At first, 8 million LAB were moved to Aster and are suspected to have been sold on the spot market. The price immediately dropped by about 26%.
After that, another transfer of around 10.5 million LAB occurred, bringing the total to about 18.5 million LAB entering Aster within two days. The price then fell again by more than 50%.
On-chain researchers like ZachXBT also link the large sales to wallets funded by the project team, although this accusation is still under debate #DYOR Lab 0.3🔥