Suspected insider wallet profits $1.1M from LAB after 10x surge

A wallet suspected of being an insider or market maker has realized an estimated profit of $1.13 million from the token LAB, which surged tenfold over the past month, EmberCN reported. Before the price increase, the wallet accumulated 575,000 LAB for $128,000 at an average price of $0.20. The holdings were deposited into Gate.io and KuCoin approximately 30 minutes ago.