LAB token experienced a dramatic 94% drop in value, plummeting from $17.68 to $1.05 over three days starting July 6. This sharp decline returns the token to its price level prior to alleged market manipulation two months ago.
On-chain activity reveals that suspected insider addresses have transferred 7.99 million LAB tokens to three new addresses just three hours ago. These tokens, now valued at approximately $9.24 million, were worth $141 million before the crash. The motive behind these transfers remains unclear.
LAB Token Plummets 94% Amidst Suspected Insider Transfers
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
