Blockchain investigator ZachXBT said on X that an entity originally funded by the LAB team deposited 18.4 million LAB, worth about $18.3 million, into Aster and sold the tokens on the DEX spot market. He said the selling pushed LAB down another 54%, with the price falling from $1.2 to $0.55. According to his post, the entity moved LAB to three Aster deposit addresses between July 10 and July 11 and still holds roughly 81.5 million LAB. ZachXBT also said the same entity received more than 196 million LAB from the LAB team in April 2026, later transferred tokens to Bitget addresses, and withdrew them from Bitget to 10 addresses between May 11 and May 12. He added that he has previously questioned LAB over alleged market-making manipulation and insider supply issues, citing claimed funding links between one LAB team multisig signer and addresses tied to RIVER manipulation, while noting that nearly 226 million LAB had been deposited to Bitget between March and April.

Onchain Lens said 250.3 million WEN, worth about $2.3 million, moved into a wallet linked to Peter Saddington. The tracker said 13 wallets that bought WEN early transferred their full holdings into the address. That wallet now holds 25.03% of WEN’s total supply on RobinhoodCrypto. Onchain Lens also said the broader address cluster spent only about $3,268 in ETH to acquire the 250.3 million tokens. The figures point to a highly concentrated position built from early accumulation and later consolidation into a single related wallet, based on the on-chain data cited in the report.

Onchain Lens said 250.3 million WEN tokens were transferred to a wallet linked to Peter Saddington, known on X as @AgilePeter, with the holdings valued at about $2.3 million at the time of monitoring. The transfer came from 13 wallets that had bought WEN early and then moved their entire WEN balances into the same Saddington-linked address. According to the monitoring data, the wallet now holds 25.03% of WEN’s total supply on Robinhood Crypto. Onchain Lens also said the broader address cluster spent only about $3,268 worth of ETH to acquire the full 250.3 million WEN position, highlighting the scale of the gain implied by the current valuation. The report was cited by ChainCatcher in a brief market update under its whale movement coverage.

Onchain Lens said 250.3 million WEN were transferred into a wallet linked to Peter Saddington, also known as @AgilePeter, with the holdings valued at about $2.3 million. The tokens were moved from 13 wallets that bought WEN early and later transferred their full positions into the Saddington-linked address. According to the monitoring update, that wallet now holds 25.03% of WEN’s total supply on Robinhood Crypto. Onchain Lens also said the broader address cluster spent only about $3,268 worth of ETH to acquire the full 250.3 million WEN position. The transfer points to a highly concentrated holding structure, with the tokens consolidated from multiple early wallets into a single address tied to Saddington.

Blockchain investigator ZachXBT said a LAB-linked address that was originally funded by the LAB team deposited 18.4 million LAB to Aster over the past 48 hours and kept selling on decentralized exchanges. During that stretch, LAB fell from $1.2 to $0.55, a drop of about 54%. According to ZachXBT’s investigation, the entity received more than 196 million LAB from the LAB team in April 2026. The tokens were then moved in batches to Bitget-related deposit addresses. In mid-May, the funds were withdrawn from Bitget to 10 addresses, which then stayed dormant for an extended period before transfers to Aster resumed this week. ZachXBT said the entity still holds about 81.5 million LAB. He also repeated earlier concerns about the LAB team, including opaque private placements and over-the-counter deals, unilateral changes to vesting arrangements, and a highly concentrated token supply. He added that he was disappointed relevant trading platforms had not acted on what he described as suspected market manipulation.

On July 12, on-chain investigator ZachXBT said an entity originally funded by the LAB team deposited 18.4 million LAB into Aster over the past 48 hours and kept selling the tokens on decentralized exchanges. He said the sales were worth about $18.3 million and pushed LAB down from $1.2 to $0.55, a cumulative decline of 54% over two days. ZachXBT added that the entity received more than 196 million LAB from the LAB team in April 2026, then gradually sent tokens to multiple Bitget deposit addresses. In May, about 100 million LAB was withdrawn from Bitget to 10 addresses. Because market data at the time did not show an independent buyer building a position of that size, he said he believes the addresses are still controlled by the same entity. The tokens then remained dormant until July 10 and 11, when they began moving to Aster for sale. ZachXBT said the entity still holds about 81.5 million LAB. He also referenced a May investigation in which he accused the LAB team of opaque private lending and OTC deals, unilateral token unlock changes, control of more than 95% of supply, and unusual market-making behavior. He also criticized Bitget, Binance, and Gate for not acting on what he described as market manipulation.

Blockchain investigator ZachXBT said a wallet originally funded by the LAB team deposited 18.4 million LAB, worth about $18.3 million by his figures, into Aster over the past 48 hours and kept selling on decentralized exchanges. During that stretch, LAB dropped from $1.2 to $0.55, a decline of about 54%. According to ZachXBT, the address received more than 196 million LAB from the LAB team in April 2026. He said roughly the same amount was later sent to Bitget deposit addresses, and about 100 million LAB was withdrawn from Bitget in May to 10 addresses before transfers to Aster began this week. He added that the entity still holds about 81.5 million LAB. ZachXBT also said he had previously raised concerns in May 2026 over opaque private and over-the-counter deals, unilateral changes to the token vesting plan, and the LAB team controlling more than 95% of token supply. He said the latest price collapse came around a rumored token unlock window, while the LAB team responded only by citing a “large market participant.” He also criticized Bitget, Binance and Gate for not taking action over the alleged market manipulation.

Onchain Lens said two wallets, 0x18B...E66 and 0x565...e55, which it suspects may be linked to the same entity, spent 11.59 million DAI to buy 6,358 ETH at a purchase price of $1,823. The monitoring account added that the funds may belong to a hacker. The transaction was cited by ChainCatcher in a brief market update under its whale movement category. No additional details on the identity behind the wallets were disclosed in the source material. The report only states that the two addresses appear related and that the funds could be hacker-controlled, based on Onchain Lens monitoring.