Ten Fresh Wallets Just Drained 100M $LAB — Nearly a Third of Circulating Supply — from Bitget!

Ten newly created wallets pulled 100 million LAB tokens, valued at approximately $480 million, from Bitget in a 12-hour window — equivalent to 32.26% of the token's entire circulating supply. The concentration of that withdrawal across fresh wallets with no prior on-chain history is the detail that sets off alarm bells: coordinated, large-scale exits from brand-new addresses are a classic precursor to a dump or an orchestrated exit.

For LAB holders, the immediate risk is severe supply-side pressure. If even a fraction of those 100 million tokens hit open markets, the sell-side overhang could overwhelm normal liquidity depth. Bitget users and anyone with LAB exposure should treat this as a high-urgency signal until the wallet cluster's intent becomes clearer.