An address suspected to belong to the LAB team transferred 100 million tokens to three Bitget deposit addresses, representing 43.4% of the total circulating supply.

According to Arkham's monitoring, LAB core-related addresses recently made concentrated fund transfers to three Bitget deposit addresses (0xDd7..., 0x659..., 0xb11...). Statistics show that these three addresses received a total of 100 million LAB tokens, worth approximately $64.96 million USD, which were subsequently deposited into Bitget hot wallets. Currently, the circulating supply of LAB is 230.4M, and the total amount received by these three addresses accounts for approximately 43.4% of its total circulating supply. LAB is currently trading at $0.6496, down 0.74% in the last 24 hours, with a circulating market capitalization of approximately $149 million. A single aggregation and deposit of over 40% of the circulating shares may indicate a large-scale sell-off or adjustments by market makers.