$LAB's 92% nosedive lands suspiciously close to insider's $18.69M deposit 🪂

On-chain data reviewed by GasCope shows an address long suspected of holding insider information moved another 10.5 million $LAB tokens to the Aster platform, a transaction valued at roughly $9.15 million based on a transfer price of $0.872. The transfer was the second large $LAB deposit from the same address in approximately 22 hours, bringing cumulative outflows to Aster over the prior 24 hours to about $18.69 million.

The latest movement follows a sharp decline in $LAB's market price after the address's initial transfer the previous night, a pattern that has fueled concerns about potential selling pressure on the token. It has not yet been confirmed whether the $LAB now sitting on Aster has been sold, converted, or held.

Price action in $LAB has remained highly volatile. The token fell 28% over the past 24 hours and is down 92% over the last month, according to available market data. No official statement from the $LAB project team or from Aster has been published in response to the transfers at the time of writing. This is not investment advice.