BlockBeats said on-chain analyst Ai Yi tracked the wallet’s first exchange deposit in three weeks; the address still holds 74.7 million LAB valued at $10.11 million.
LAB fell 11.5% after an insider-linked address transferred 5.8 million LAB to KuCoin, according to on-chain analyst Ai Yi. The deposit, made about nine hours before the report, was worth roughly $834,000 at $0.1439 per token, and the wallet had not sent assets to a trading platform for three weeks. LAB later slid to a low of $0.1273. The address still holds 74.7 million LAB, valued at about $10.11 million, keeping it a large potential source of supply that traders may watch for further exchange flows.