ChainCatcher report: According to on-chain analyst @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, followed by a short-term price crash of 42.5%. The entity currently holds 74.7 million LAB tokens on-chain, valued at approximately $10.11 million.
LAB Insider transfers 5.8 million tokens to KuCoin; price drops 11.5%
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Summary
A suspected insider address of LAB transferred 5.8 million tokens ($834,000) to KuCoin, drawing attention to altcoins under watch. The average price dropped from $0.1439 to $0.1273 within 1.5 hours, representing an 11.5% decline in crypto price. This follows a $9.15 million transfer to Aster on July 12, which triggered a 42.5% price drop. The address still holds 74.7 million LAB, valued at $10.11 million.
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