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The address related to the LAB project transferred 3.66 million tokens worth $14.07 million 9 hours ago.
An address related to LAB received 3.66 million LAB tokens, worth $14.07 million USD, from a multi-signature wallet and then forwarded 2.125 million tokens to two contract addresses.
The transaction was recorded about nine hours ago, and the source address of these tokens can be traced back to the LAB deployment wallet. The purpose of these transfers is currently unclear.
Previously, LAB was questioned by ZachXBT and its price once dropped sharply, but it has now almost recovered to around $4.54 USD.
There are no additional details about the two contract addresses receiving the tokens or how these assets will be used.
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