LAB Drops 94% Since July 6 as Suspected Insider Address Moves 7.99 Million Tokens

LAB fell from $17.68 to $1.05 from July 6 to the present, a decline of 94%, according to monitoring data. According to Foresight News, the data was tracked by @ai_9684xtpa, which reported that a suspected insider-linked address remains active on-chain. About three hours earlier, the address transferred 7.99 million LAB tokens to three new addresses, with the purpose of the transfers unclear. The transferred tokens were valued at about $9.24 million at the time of the move, and were valued at $141 million three days earlier.