LAB surges over 20% in 24 hours; suspected team address transferred 18 million LAB to Bitget deposit address again yesterday

Odaily reported, according to Arkham monitoring, the LAB core associated address (0x1e8e...E166) transferred tokens again yesterday to the Bitget deposit address (0x6593...E0bF). According to statistics, this address received a total of 18 million LAB tokens in two batches on April 25th, with a total value of approximately $15.39 million.

Currently, the circulating supply of LAB is 230.4 million. The total amount received by this Bitget deposit address accounts for approximately 7.81% of its total circulating supply. LAB is currently priced at $0.8560, up 18.82% in 24 hours, with a circulating market cap of approximately $197 million. The large-scale accumulation of tokens towards an exchange during a price surge may indicate potential subsequent selling for cash or market maker position adjustments.

Previous news, a suspected LAB team address transferred 100 million tokens to 2 Bitget deposit addresses, accounting for 43.4% of total circulation.