Did Exchange Wallet Movements Signal $LAB 's Collapse?
The recent price action in LAB has closely followed a series of large exchange wallet transfers.
14 hours ago: 180K LAB ($2.78M) was moved from Bitget Cold Wallet → Bitget Hot Wallet.
At the time, LAB was trading near $15, and the price later slipped to around $14. 9 hours ago: 289K $LAB ($4.41M) was transferred from Gate Cold Wallet → Gate Hot Wallet.
After consolidating between $14–15, LAB experienced another sharp decline, eventually falling to around $10.
Most recently: 137K $LAB ($1.86M) has been moved from Bitget Hot Wallet → Bitget Cold Wallet, while LAB is now consolidating in the $7–8 range.
These transfers do not prove they caused the sell-off, but the timing has caught the market's attention.
$BONK Treasury Drained in Major Governance Exploit
BONK is back in the spotlight after BonkDAO was reportedly exploited through a malicious governance proposal, allowing an attacker to drain approximately $20 million worth of $BONK from the DAO treasury.
The stolen funds have already started moving across multiple wallets, raising concerns within the community.
While the full impact is still unfolding, incidents like this can shake investor confidence and put short-term pressure on the market.