LBR price has dropped by 44% in the past 7 days. What is happening?

We covered the LBR project a year ago, and one key point is that a large portion of TVL is contributed by a group of KOLs and anonymous addresses. Those strong supporters seem to have recently dumped all their LBR tokens:

1/ blurr.eth (0xef7)

The top 1 staker in LBR (used to stake more than 34K $ETH, approximately $70M), has dumped all their tokens, with the last action on January 15, 2024.

Fig 1. The historical transactions of blurr.eth (0xef7).

2/ sifuvision.eth (0x31d)

The top 5 staker with more than 6K $ETH, approximately $13M staked) has also dumped all of their tokens, with the last action just a few hours ago.

Fig 2. The historical transactions of sifuvision.eth (0x31d)

3/ czsamsunsb.eth (0x902)

Among the top stakers, used to stake 4K $ETH, approximately $8M), has dumped all their tokens, with the last action just a few hours ago.

Fig 3. The historical transactions of czsamsunsb.eth (0x902)