The price of LBR altcoin has dropped by 44% in the last week. This drop happened because of some events that made people worry about the project’s future.
Before, there were many stories about the LBR cryptocurrency project. It was found that a big part of the total value locked came from a group of popular people and secret addresses. It looks like these fans have recently gotten rid of all their LBR tokens.
The person with the most money in the staker blurr. eth group dumped all their tokens, which were worth about $70 million, on exchanges. The last time something was bought or sold was on January 15, 2024.
Sifuvisioneth, one of the top 5 people who hold and support cryptocurrencies, had more than 6 thousand ETH in staked altcoins, which is worth approximately $13 million, and sold all its tokens. The latest deal was written down a few hours ago.
Czarsamsunbeth is one of the top holders of LBR and has 4,000 ETH, which is worth about $8 million. They also sold all their tokens. The most recent payment was also logged a few hours ago.
Even famous people who promote cryptocurrencies have sold their digital coins, making people unsure about what will happen to LBR in the future. The market will show if LBR can make a comeback.
This is not a suggestion for how to invest your money.