LAB surges over 20% in 24 hours, with suspected team address transferring 18 million LAB to Bitget deposit address again yesterday

Odaily reports, according to Arkham monitoring, a key associated address of LAB (0x1e8e...E166) again transferred tokens to the Bitget deposit address (0x6593...E0bF) yesterday. It is estimated that the address received a total of 18 million LAB tokens in two batches on April 25, with a total value of approximately $15.39 million.

The current circulating supply of LAB is 230.4 million, and the total amount received by this Bitget deposit address accounts for approximately 7.81% of its total circulation. LAB is currently trading at $0.8560, up 18.82% in the past 24 hours, with a circulating market cap of approximately $197 million. A large inflow of tokens to an exchange during a price surge may indicate potential future selling or market maker position adjustments.

Previous news: A suspected LAB team address transferred 100 million tokens to two Bitget deposit addresses, accounting for 43.4% of the total circulation.