The LAB project team transferred 3.66 million LAB from a related address, worth $14.07 million.

BlockBeats News, May 8th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), it was observed that the address 0xf09…2Bd0b received 3.66 million LAB from the multi-signature address 0x36F…0C291 nine hours ago (the source of the funds can be traced back to the LAB token deployment address), amounting to $14.07 million. Subsequently, 2.125 million tokens were transferred to two contract addresses for purposes that are currently unclear.

Meanwhile, after LAB plummeted following ZachXBT's reward investigation tweet, it has now almost recovered the drop, rebounding to $4.54.