Lookonchain
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.
Frequently asked questions
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What are the potential implications for LAB token holders after this withdrawal?
LAB token holders may face severe supply-side pressure, which could lead to a significant drop in token prices if the withdrawn tokens are sold on the open market.
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How does the withdrawal from new wallets indicate a potential market dump?
Withdrawals from newly created wallets with no prior on-chain history suggest a coordinated exit strategy, which often precedes a market dump.
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