In a significant movement, ten newly created wallets have withdrawn 100 million LAB tokens, valued at approximately $480.33 million, from the Bitget exchange within the last 12 hours. This withdrawal represents 32.26% of the total circulating supply of LAB tokens, indicating a substantial shift in holdings.
The large-scale withdrawal from Bitget by these fresh wallets has raised questions about the potential impact on the LAB token's market dynamics. The sudden movement of such a significant portion of the circulating supply could influence trading patterns and investor sentiment in the short term.
$480M in LAB Tokens Withdrawn from Bitget by New Wallets
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