LBR price drops by 44%, with some large holders selling off tokens
Spot On Chain monitoring shows that in the past 7 days, the price of LBR has dropped by 44%. A large part of LBR project's TVL is contributed by a group of KOLs and anonymous addresses, these steadfast supporters seem to have recently sold all their LBR tokens. For example, blurr.eth, the top staker in LBR (who once staked over 34,000 ETH, equivalent to $70 million), has sold all tokens with the last action taken on January 15th, 2024. sifuvision.eth (one of the top 5 stakers holding over 6,000 ETH staked around $13 million) also sold all tokens with the last action taken a few hours ago. czsamsunsb.eth (who previously staked 4,000 ETH worth about $8 million) has also sold all tokens with the last action taken a few hours ago.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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