Overview
- The LAB token fell sharply from a peak market value near $4.7 billion to about $1.5 billion after a string of extreme short‑term swings and heavy selling pressure.
- Traders recorded rapid pumps followed by steep drops, including a roughly 200% weekend surge that was erased within days and intraday corrections exceeding 80 percent.
- On‑chain investigators led by ZachXBT allege that insiders effectively control more than 95 percent of the tradable supply through opaque allocations, private loans and OTC deals, a claim that has not been legally proven.
- Blockchain data show large transfers into centralized exchange deposit addresses — one reported movement of 226 million LAB to Bitget — and analysts say those inflows typically precede heavy selling.
- Only about 312 million of 1 billion LAB are currently circulating and major unlocks set for mid‑July through August risk adding supply, which could deepen losses and attract interest from regulators and harmed investors.