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The LAB team acquired over 20.9 million tokens worth 2.35 million USD in 30 hours.
According to Lookonchain, the LAB project team has just conducted a large-scale token acquisition campaign. In the past 30 hours, they have repurchased over 20.9 million LAB tokens, worth approximately 2.35 million USD, from major exchanges such as Binance Alpha, Bitget, and PancakeSwap. This move demonstrates the team's strong belief in the long-term potential of the project and their commitment to stabilizing the market value of the token.
Reducing the circulating supply can help strengthen the value and trust of investors. This event has attracted the attention of the cryptocurrency community, as large acquisitions often reflect internal confidence in the growth and future application of the token. This proactive action may also signal upcoming development steps or expansion strategies.