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LAB Team-Affiliated Entity Sells 5M Tokens Overnight, Triggers Price Drop from $0.34 to $0.22

Price Volatility

2026-07-14 07:41:54

LAB-24.65%

ASTER1.05%

According to on-chain detective ZachXBT, a LAB team-affiliated entity withdrew 17.9 million LAB (approximately $7.2 million) from Bitget to KuCoin yesterday (July 13). The address subsequently transferred 5 million LAB to a new wallet and sold the tokens via Aster, causing LAB's price to decline from $0.34 to $0.22.

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