LAB project address moves $14.07M in tokens amid price manipulation allegations

An address associated with the LAB project has moved a significant amount of tokens amid allegations of price manipulation. The transfer follows an offer by on-chain analyst ZachXBT of a $10,000 bounty for evidence against LAB founder Boba Sadikov, whom he accuses of market manipulation. According to on-chain analyst @ai_9684xtpa, 3.66 million LAB tokens, valued at approximately $14.07 million, were transferred from a multi-signature address starting with 0x36F to another address starting with 0xf09. The funds were traced back to the LAB token deployment address. Following this transfer, 2.125 million LAB were moved to two contract addresses for an unconfirmed purpose.