ZachXBT: LAB team-related entities sold about 5 million LAB yesterday

According to Foresight News, on-chain investigator ZachXBT monitored that the LAB team’s affiliated entity withdrew 17.9 million LAB (approximately $7.2 million) from Bitget to an exchange yesterday. Subsequently, this address transferred 5 million LAB to a new address and sold them via Aster, causing the LAB price to drop from $0.34 to $0.22. The remaining LAB are still stored in its exchange wallet.