LAB plummets 94% as suspected insider moves $9.2M in tokens

The price of LAB has plummeted approximately 94%, falling from $17.68 to $1.05 since July 6. Amid this crash, an address suspected of belonging to an insider remains active on-chain, according to analyst 9684xtpa. The analyst reported that about three hours ago, the address transferred 7.99 million LAB, valued at $9.24 million, to three new addresses. The purpose of this transfer has not yet been confirmed. This development follows persistent allegations of price manipulation against LAB from within the global cryptocurrency community.