An Alleged "Whale" Address Reaps Over 10x Gains on LAB, Profiting $1.13 Million

BlockBeats News, May 2nd, according to EmberCN monitoring, LAB has surged from $0.2 to $2.38 in the past month, increasing by over 10 times.

A suspected "insider trading" address perfectly rode the 10x price surge: This address accumulated 575,000 LAB a month before the surge when the price was $0.2, worth $128,000 at that time. The whale just transferred these LAB to a centralized exchange for profit-taking in the last half hour. These tokens are now worth $1.26 million, with a profit of $1.13 million.