The chain detective Zachxbt warned the Lab team to sell 18.4 million tokens

Wu stated that it was informed that chain detective Zachxbt had issued community warnings that over the past 48 hours, the LAB team associated entities had sold 18.4 million LABs (approximately $18.3 million) on the Decentralisation Exchange (DEX), resulting in a sharp fall in the price of coins by 54 per cent to $0.55. According to zachxbt, the entity received over 196 million LABs from the LAB team in April this year and subsequently transferred to four Bitget filling addresses, about 100 million LABs were proposed from Bitget in May and dispersed to 10 addresses, which remained in place for a long time until the transfer to three Aster filling addresses began this week and currently holds approximately 81.5 million LABs. Zachxbt condemned the untransparent conduct of the team and expressed disappointment that the relevant head exchange had not intervened。