LAB Insider Address Transfers Another 5.8 Million LAB to Exchange, Token Price Drops Over 11% Briefly

TechFlow news, August 02, according to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), a suspected LAB insider address became active again after three weeks, depositing 5.8 million LAB (approximately $834,000) to KuCoin 9 hours ago, with an average deposit price of $0.1439. Within the following one and a half hours, the token price continued to fall, briefly dropping to $0.1273, a decline of 11.5%. This address previously had similar operation records—on July 12, it transferred $9.15 million worth of LAB tokens to Aster, after which the token price briefly plunged by 42.5%. Currently, this entity still holds 74.7 million LAB on-chain, worth approximately $10.11 million.