"The pattern behind these movements is one onchain analysts have tracked before. A project or associated insiders pre-load large token positions onto a centralized exchange following which a price surge happens, often supported by coordinated buying across perpetu"
Ten fresh wallets withdrew 100 million LAB tokens, valued around $480 million, from Bitget over a 12-hour period. The amount equals 32.26% of LAB’s circulating supply, indicating unusually large coordinated movement. Earlier in the month, LAB surged more than 350% from about $0.70 to nearly $3.30, with peak 24-hour trading volume around $147 million. Prior onchain activity showed wallets linked to the LAB team moved roughly 96 million LAB tokens worth about $63 million into Bitget before the surge. ZachXBT previously accused LAB founder Vova Sadkov of coordinating manipulation and posted a $10,000 bounty seeking concrete evidence tied to market-making activity across multiple exchanges and derivatives venues.
#lab-token #bitget-withdrawals #on-chain-wallet-activity #market-manipulation-allegations #crypto-price-pump
Read at news.bitcoin.com
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