According to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address associated with LAB has become active again after three weeks, depositing 5.8 million LAB tokens (approximately $834,000) into KuCoin 9 hours ago at an average price of $0.1439. Within the following hour and a half, the token price continuously declined, briefly dropping to $0.1273—a 11.5% decrease. This address has a prior history of similar activity: on July 12, it transferred $9.15 million worth of LAB tokens to Aster, after which the price plummeted by 42.5% in a short period. The entity currently holds 74.7 million LAB tokens on-chain, valued at approximately $10.11 million.
LAB Insider transfers 5.8M LAB to KuCoin; token price falls 11.5%
TechFlowShare
Summary
A suspected insider address linked to LAB transferred 5.8 million tokens (worth $834,000) to KuCoin, causing the crypto price to drop 11.5% to $0.1273 within 1.5 hours. The transfer occurred at $0.1439. This follows a deposit of 9.15 million LAB to Aster on July 12, which triggered a 42.5% price decline. The address still holds 74.7 million LAB, valued at $10.11 million. Altcoins to monitor may include LAB, as further movements could influence its short-term price action.
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