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Suspicious wallet moves of $200m LAB tokens surface amid buyback campaign and $7bn market cap surge

Market News
02 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Blockchain analytics firm BubbleMaps flagged insider-linked wallets moving over $200 million worth of LAB tokens before the token's rapid rise to a $7 billion market cap. These movements raised concerns about supply concentration and market transparency, questioning whether the rally reflected genuine demand or insider activity. LAB, meanwhile, promoted a revenue-funded buyback program aimed at supporting long-term ecosystem growth, spending around $3.4 million to repurchase 22.6 million tokens. The contrasting narratives highlight ongoing scrutiny of token liquidity, ownership concentration, and exchange listings in the crypto space.

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