Lagrange Team Multisig Sends 55.7M LA Tokens to Five Wallets, Valued at $8.91M

Odaily Planet Daily cited Arkham data showing that the Lagrange (LA) team's multisig wallet transferred LA tokens to five addresses about a minute ago. The five wallets received roughly 55.70 million LA in total, worth around $8.91 million. LA's circulating supply stands at 193 million, making the distribution about 28.86% of circulating tokens. LA last traded at $0.1599, down 4.38% in the past 24 hours, with a circulating market cap of approximately $30.87 million.