Team-Linked LAB Wallet Keeps Selling After Unlock; Token Allocation Value Slides from $977M Peak to About $4M
AI Market Summary
Onchain analysis alleges a team-linked LAB entity continued selling following today's token unlock, coinciding with a ~99% drawdown and a collapse in the marked value of allocated tokens from ~$977M peak to ~$4M. Claims of prior price manipulation and a pump-and-dump narrative, alongside a lack of exchange intervention despite public evidence, elevate counterparty and market-integrity risk and can intensify near-term sell pressure and liquidity stress.
Impact level
● Medium
Affected assets
LAB/USDT+8.78%
AI Insight · LAB/USDTAI Insight
▼ Bearish
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Odaily Planet Daily reported that onchain investigator Specter said LAB tokens unlocked today, and a wallet tied to the project team has continued offloading LAB, pushing the token down about 99%. Specter estimated the allocated tokens were once valued at nearly $977 million at peak, but are now worth roughly $4 million.
Specter alleged the wallet is selling aggressively and accelerating the decline. He also claimed LAB's price was previously pushed higher through manipulation, culminating in what he described as a classic pump-and-dump. Specter added that, despite ZachXBT repeatedly flagging the activity publicly and onchain evidence being available, no exchange has stepped in to curb or address the behavior.
