An address suspected of having insider information saw LAB's value increase more than 10 times, resulting in a profit of $1.13 million.

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According to BlockBeats, on May 2nd, EmberCN monitoring showed that LAB rose from $0.2 to $2.38 in the past month, an increase of more than 10 times.

A suspected "insider" address perfectly captured a 10x price surge: this address accumulated 575,000 LAB tokens a month before the price spike, when the price was $0.20, making these LAB tokens worth $128,000 at the time. This whale recently transferred these LAB tokens to a CEX to lock in profits within the last half hour. These tokens are now worth $1.26 million, resulting in a profit of $1.13 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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