After an investor named Brisk Capital announced that he had closed his $LAB short position at a loss of $2.1 million, the token lost approximately 73% of its value in about an hour.
In a statement following the decline, the investor said that he was the target and that the drop began when he closed his position.
BTC
64,621.38
+1.29%
ETH
1,685.29
+0.75%
LABUSDT
Perp
9.364
-5.57%