A suspected LAB team address transferred 100 million tokens to three Bitget deposit addresses, accounting for 43.4% of the circulating supply.
According to Odaily, Arkham monitoring shows that the core LAB-related addresses have recently gathered funds intensively to 3 Bitget deposit addresses (0xDd7..., 0x659..., 0xb11...). In total, these three addresses have received 100 million LAB tokens, worth approximately 64.96 million USD, after which all funds have been deposited into Bitget's hot wallet.
0x6593aa6c31C88397c37f71259625EC92Fe4EE0bF
0xDd77BFbDc11Cd37fD255AE35A4ac39Df1F9d570a
0x6593aa6c31C88397c37f71259625EC92Fe4EE0bF
Currently, LAB's circulating supply is 230.4 million, and the total amount received by these three addresses accounts for about 43.4% of the total circulation. LAB is currently priced at 0.6496 USD, with a 24-hour decline of 0.74%, and its circulating market capitalization is approximately 149 million USD. Aggregating and depositing over 40% of the circulating supply in a single move may indicate a potential large-scale sell-off or adjustments by market makers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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