LAB surged over 20% in the past 24 hours, and a suspected team address reportedly transferred 18 million LAB to Bitget's deposit address again yesterday.
According to Odaily, monitoring by Arkham shows that the LAB core associated address (0x1e8e...E166) once again transferred funds to the Bitget deposit address (0x6593...E0bF) yesterday. According to statistics, on April 25 this address received a total of 18 million LAB tokens in two installments, with a total value of approximately $15.39 million.
Currently, the circulating supply of LAB is 230.4 million, and the total amount received by this Bitget deposit address accounts for about 7.81% of its total circulating supply. LAB is currently trading at $0.8560, with a 24-hour increase of 18.82%, and a circulating market capitalization of about $197 million. During the price surge, there was a significant concentration of tokens moving to exchanges, which may indicate potential subsequent sell-offs or position adjustments by market makers.
Previous news indicates that a suspected LAB team address transferred 100 million tokens to two Bitget deposit addresses, accounting for 43.4% of the circulating supply.
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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