Significant LAB Token Movement Detected On-Chain

On May 12, a substantial movement of LAB tokens was detected. According to BlockBeats On-chain Detection, 100 million LAB tokens were transferred from a centralized exchange (CEX) to on-chain addresses within the last 10 hours. This amount represents approximately 32% of the total circulating supply of LAB. Additionally, it was noted that a similar large-scale transfer of the token RAVE occurred previously, also from the same CEX to on-chain addresses. The method of sourcing gas for these transactions was remarkably similar, suggesting that the same group may be behind both the RAVE and LAB token movements.