Influencers Dump Millions of Dollars of Tokens on Exchanges in Surprise Altcoin

The LBR altcoin price has fallen by a significant 44% over the past week. This decline followed a series of events that raised concerns about the future of the project.

Previously, various news appeared about the LBR cryptocurrency project and it was noted that a significant part of the Total Value Locked (TVL) was provided by a group of influencers and anonymous addresses. It seems that these supporters have recently disposed of all their LBR tokens.

Graph showing the decline in the LBR price, which reached 40 percent in the last week.

The largest staker blurr.eth, which has more than 34 thousand ETH in LBR, or approximately $ 70 million, dumped all its tokens on exchanges. The last transaction was recorded on January 15, 2024.

Sifuvision.eth, one of the top 5 stakers accounts, had more than 6 thousand ETH in staked altcoins, or approximately $13 million, and liquidated all its tokens. The last transaction was recorded just a few hours ago.

czsamsunsb.eth, which is among the best LBR holders and has 4K ETH, that is, tokens worth approximately $ 8 million, also disposed of all its tokens. The last transaction was also recorded just a few hours ago.

Even influential influencers have liquidated their tokens, casting a shadow of uncertainty over the future of LBR. As the market reacts to these developments, time will tell whether LBR can make a comeback.

*This is not investment advice.

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