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LAB token is basically in freefall. The coin, which once hit an all-time high above $27, now trades below $0.55 — a 97% collapse that blockchain investigator ZachXBT ties directly to wallets he says are linked to the project’s own team.
ZachXBT went public with his findings, pointing to a wallet funded by the LAB team that deposited 18.4 million tokens onto the decentralized exchange Aster before liquidating the position entirely. That single sale was worth roughly $18.3 million at the time it happened. And it didn’t happen quietly — LAB’s price skidded from $1.20 to $0.54 right as those tokens hit the market. Hard to call that a coincidence. ZachXBT had actually flagged the LAB team months earlier, warning that they seemed to be exerting excessive control over the token’s circulating supply through transactions that weren’t exactly transparent.
The deeper you go into the transaction history, the murkier it gets.
The April Transfers That Started It All
Back in April 2026, a single entity received more than 196 million LAB tokens directly from the team. Of those, 100 million went straight to Bitget deposit addresses. Another 97 million moved to separate wallets later that same month. Then, in May, 100 million tokens came back out of Bitget and were split across ten different addresses. ZachXBT found no evidence of any external buyer on the other end of that transaction — no market footprint, no independent acquisition trail. Just tokens moving between addresses, with the team’s fingerprints seemingly on all of it.
That’s a pattern, not a coincidence.
The wallets went quiet after May. Nearly two months of dormancy. Then on July 10 and July 11, they woke up — transferring and selling millions more tokens through Aster. The timing, coming after a long pause, probably caught a lot of retail holders off guard. And those wallets aren’t empty yet. ZachXBT’s analysis puts their remaining LAB holdings at more than 80 million tokens. That’s a lot of potential sell pressure still sitting there.
No Response, No Buyers, No Floor
The LAB team hasn’t said a word publicly. No statement, no denial, no explanation. Nothing. For investors trying to figure out what’s happening, that silence is its own kind of answer — or at least it feels that way.
What makes this situation particularly rough is the absence of any independent buyer. In a normal large-block token transaction, you’d expect some market signal — a wallet accumulating from external sources, a fund disclosing a position, something. ZachXBT found none of that. The 100 million tokens that came out of Bitget in May and scattered across ten wallets? No clear outside buyer involved. Just the same cluster of addresses, reshuffling supply in ways that look less like organic market activity and more like coordinated distribution.
Token markets across the broader crypto space have seen this kind of thing before. A project launches with concentrated supply, early insiders accumulate large positions, and retail buyers absorb the eventual sell-off. It’s a familiar and ugly script. Whether LAB fits that pattern exactly is still unclear — the team hasn’t confirmed or denied anything — but the on-chain data ZachXBT pulled together is pretty hard to dismiss.
The all-time high of over $27 feels almost surreal now. Anyone who bought near that peak is sitting on catastrophic losses. Even buyers who came in at $1.20 — right before the most recent leg down — have watched their position more than halve in days.
What the 80 Million Remaining Tokens Mean
Eighty million tokens still sitting in wallets ZachXBT links to the team is the number that probably matters most right now. At current prices below $0.55, that’s still tens of millions of dollars in potential selling power. If those wallets start moving again, there’s not much of a floor to speak of.
The decentralized exchange Aster has basically become the off-ramp of choice in this situation, given that’s where the 18.4 million token dump landed. Whether future sales go through the same venue or somewhere else, the structural risk is the same — a concentrated holder with no apparent obligation to the market and no public communication strategy.
ZachXBT’s earlier warning about opaque over-the-counter transactions from the LAB team now reads less like speculation and more like a preview. The wallets still hold more than 80 million LAB tokens.
Frequently Asked Questions
What caused the LAB token price to drop 97%?
Blockchain investigator ZachXBT linked the crash to wallets tied to the LAB team dumping 18.4 million tokens on the decentralized exchange Aster, a sale worth approximately $18.3 million that drove the price from $1.20 to below $0.55.
How many LAB tokens do the flagged wallets still hold?
Per ZachXBT’s analysis, the wallets linked to the LAB team still control more than 80 million LAB tokens as of July 11, 2026.
