A $LAB whale appears to be sitting on a massive paper loss.
Around 11 hours ago, the wallet transferred 5.8M $LAB (≈ $834.8K) to a KuCoin deposit address.
The same wallet originally received 10.8M from LAB Bitget 2 months ago, when that position was worth approximately $51.3M.
At today's prices, the position has lost roughly $49M+ in market value, highlighting the sharp collapse in $LAB .
Around 11 hours ago, the wallet transferred 5.8M $LAB (≈ $834.8K) to a KuCoin deposit address.
The same wallet originally received 10.8M from LAB Bitget 2 months ago, when that position was worth approximately $51.3M.
At today's prices, the position has lost roughly $49M+ in market value, highlighting the sharp collapse in $LAB .