LAB: Insider Transfers to Aster Trigger 42.5% Drop

LAB plunged 42.5% from $0.872 to $0.5012 after a suspected insider address moved $9.15 million worth of tokens to Aster, with the price briefly touching $0.5012 before recovering to $0.5235.

The same entity executed additional transfers totaling $18.69 million over 24 hours and retains 81.5 million LAB tokens valued at $42.68 million, keeping traders focused on these wallets for the next potential sell-off.

Price action on the 4h chart shows LAB testing the lower Bollinger Band support at $0.52 while RSI at 22.5 signals deep oversold conditions and MACD registers a bullish golden cross at -1.73, yet the token remains trapped below EMA50 resistance at $5.53 and EMA200 at $9.93, indicating any bounce may stall until those long-term levels are reclaimed.