Whale Pulls 32.26% of LAB Token Supply Off Bitget

Blockchain trackers Lookonchain and Arkham reported that on May 12, ten newly created wallets withdrew a combined 100 million $LAB tokens linked to @LABtrade_ from the @bitget exchange. The transfer was valued at about $480 million and represents roughly 32.26% of LAB's current circulating supply. At the time of writing, LAB's market capitalization stood at approximately $1.41 billion.