According to Arkham, LAB-linked wallets sent 100 million LAB to Bitget-linked deposit addresses, including an 18 million LAB transfer traced from tokens received on April 25, highlighting substantial exchange inflows versus circulating supply.
Arkham reported that wallets linked to LAB transferred a total of 100 million LAB, worth about $64.96 million, to three Bitget deposit addresses before the tokens moved into Bitget hot wallets. The newer report adds that one LAB-linked wallet sent 18 million LAB, worth about $15.39 million, to a Bitget deposit address after receiving those tokens in two transfers on April 25. Arkham said that 100 million LAB represented 43.4% of LAB’s 230.4 million circulating supply, while the 18 million LAB transfer equaled about 7.81% of circulating supply. At the time cited in the newer report, LAB traded at $0.8560, up 18.82% over 24 hours. Arkham did not state the purpose of the transfers, but such large movements to exchange-linked addresses can draw attention over potential liquidity or selling pressure.