LAB Insider transfers 5.8M LAB to KuCoin, still holds 74.7M tokens

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LAB
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On-chain data shows that on August 2, an LAB insider address linked to on-chain analyst Ai Yi transferred 5.8 million LAB tokens to KuCoin, valued at approximately $834,000. The transfer occurred at a price of $0.1439 per token. Within 1.5 hours, LAB dropped to $0.1273, a 11.5% decline. The address still holds 74.7 million LAB, worth about $10.11 million. Altcoins to monitor may include LAB, as on-chain data continues to reveal significant movements.

ChainThink reports that on August 2, on-chain analyst Ai Yi monitored that a LAB insider address transferred assets to a CEX for the first time in three weeks, depositing 5.8 million LAB into KuCoin approximately nine hours ago, valued at around $834,000.

The price of LAB was approximately $0.1439 upon deposit. Over the following hour and a half, LAB continued to decline, reaching a low of $0.1273, a drop of 11.5%.

Currently, this entity holds 74.7 million LAB, valued at approximately $10.11 million.

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