Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, the LAB insider address (0xBCF...688) has once again transferred assets to an exchange after a three-week gap. Nine hours ago, it deposited 5.8 million LAB tokens to KuCoin, valued at $834,000; the deposit price was $0.1439. Within the following one and a half hours, the price of LAB continued to decline, briefly dropping to $0.1273—a decrease of 11.5%. The entity currently holds 74.7 million LAB tokens, valued at $10.11 million.
LAB Insider deposits 5.8 million tokens to KuCoin; price falls 11.5%
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Summary
An insider address linked to LAB (0xBCF...688) deposited 5.8 million tokens to KuCoin after a three-week pause, valued at $834,000 at a price of $0.1439. The price of LAB dropped 11.5% to $0.1273 within 1.5 hours. The address still holds 74.7 million LAB tokens, worth $10.11 million. Given these movements, LAB remains on the list of altcoins to watch.
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