A wallet suspected of being an "insider" or "market manipulator" transferred 575,000 LAB tokens to a CEX, making a profit of $1.13 million.

CoinFeed reported on May 2nd that, according to on-chain analyst Yu Jin, the token LAB has surged from $0.20 to $2.38 in the past month, a tenfold increase. A "smart money" or "insider/market maker" wallet accumulated 575,000 LAB tokens before the surge (a month ago), when the price was $0.20, worth $128,000. In the last half hour, these LAB tokens were transferred to Gate and Kucoin for profit-taking, and are now worth $1.26 million, representing a profit of $1.13 million.