Ten newly created wallets have withdrawn 100 million LAB tokens, worth approximately $480 million and representing 32% of the token’s circulating supply, from Bitget in a 12-hour window, adding fresh onchain evidence to an already active manipulation investigation.
Key Takeaways:
Lookonchain flagged 10 fresh wallets withdrawing 100M LAB tokens ($480M) from Bitget in 12 hours. The withdrawal represents 32.26% of LAB’s circulating supply, following a 370% pump earlier this month. ZachXBT previously posted a $10,000 bounty targeting LAB founder Vova Sadkov for alleged manipulation.Lookonchain flagged the movement on Tuesday, noting that ten fresh wallets had collectively withdrawn 100 million LAB tokens, valued at approximately $480 million, from Bitget over a 12-hour period. The withdrawn tokens represent 32.26% of LAB’s total circulating supply, a scale of coordinated movement that is unusual.
