Gate News message, April 26 — According to on-chain data, a core LAB team-associated address transferred 18 million LAB tokens to a major CEX deposit address in two transactions on April 25, worth approximately $15.39 million. The transfer represents 7.81% of LAB’s circulating supply of 230.4 million tokens.
LAB is currently trading at $0.8560, up 18.82% over the past 24 hours, with a circulating market cap of approximately $197 million. Large-scale token transfers to exchange deposit addresses during price rallies typically indicate potential selling or market-making activity.
This follows a previous transfer where a suspected LAB team address moved 100 million LAB tokens—representing 43.4% of the circulating supply—to two other CEX deposit addresses.
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