An Alleged "Insider Trading" Address Reaps Over 10x Gain on LAB, Profits $1.13 Million
BlockBeats News, May 2nd. According to EmberCN monitoring, LAB has risen from $0.2 to $2.38 in the past month, a more than 10x increase.
A suspected "insider trading" address perfectly captures a 10x price surge: This address accumulated 575,000 LAB a month before the surge when the price was $0.2, valued at $128,000 at that time. The whale transferred these LAB to a centralized exchange (CEX) for profit-taking in the last half hour. These tokens are now worth $1.26 million, resulting in a $1.13 million profit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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