On Aug. 2, BlockBeats reported that on-chain analyst Ai Yi (@ai_9684xtpa) had flagged another transfer from a LAB insider-linked address to a centralized exchange after a three-week gap. About nine hours before the report, the wallet deposited 5.8 million LAB into KuCoin, worth about $834,000 at the time of transfer, when the token was trading near $0.1439. Over roughly the next hour and a half, LAB kept falling and hit a low of $0.1273, marking an 11.5% drop. The entity still holds 74.7 million LAB, valued at about $10.11 million, according to the monitoring data cited by BlockBeats.
BlockBeats reported on Aug. 2 that on-chain analyst Ai Yi (@ai_9684xtpa) had tracked a fresh transfer from a LAB insider-linked address to a centralized exchange after a three-week break.
About nine hours earlier, the address deposited 5.8 million LAB into KuCoin. The transfer was worth about $834,000, with LAB priced at roughly $0.1439 at the time.
Over the following hour and a half, LAB continued to decline and touched a low of $0.1273, a drop of 11.5%.
The entity still holds 74.7 million LAB, currently valued at about $10.11 million.
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