LAB Token Price Drops 35% After Team Affiliated Entity Sells 5M Tokens

Team-linked address moved 17.9M LAB from Bitget to KuCoin, selling 5M via Aster. Price fell from $0.34 to $0.22 as remaining tokens stay in custody.

Woofun AI reports that an entity linked to the LAB team transferred 17.9 million LAB tokens, valued at approximately $7.2 million, from Bitget to KuCoin yesterday. The address subsequently routed 5 million LAB to a new wallet and executed sales through Aster, driving the token price down from $0.34 to $0.22. The remaining balance continues to reside in the associated KuCoin wallet.