$64.96 million in chips concentrated into the wallet! LAB sees over 40% circulation volume fluctuations drawing attention

On-chain data shows that LAB’s core related addresses have recently been funneling funds intensively into 3 exchange deposit addresses (including 0xDd7... and 0x659...), after which they are transferred into the exchange’s hot wallet system in a unified manner.

Statistics indicate that these addresses have collectively received about 100 million LAB tokens, worth approximately $64.96 million, accounting for about 43.4% of LAB’s current circulating supply (230.4M).

At present, LAB’s price is about $0.6496, down slightly by 0.74% over the past 24 hours, with a circulating market cap of approximately $149 million.

When such a large proportion of chips is transferred into exchanges, the market typically focuses on their subsequent use—possibly involving liquidity management, market-making adjustments, or phased chip allocation—but this does not directly equate to a definitive sell-off.

In the crypto market, what’s truly worth watching isn’t the price itself, but where the chips are being “placed.”
When a large amount of assets starts to concentrate and flow, it often means the market structure is being reshuffled.

The market is always changing, but the rules never do:
Only those who can understand the flow of funds are more likely to find certainty amid uncertainty.