Crypto Market Movers
By Evie Vavasseur
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The April Transfers That Started It All. Back in April 2026, a single entity received more than 196 million LAB tokens directly from the…
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No Response, No Buyers, No Floor. The LAB team hasn't said a word publicly. No statement, no denial, no explanation. Nothing.
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What the 80 Million Remaining Tokens Mean. Eighty million tokens still sitting in wallets ZachXBT links to the team is the number that…
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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.
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ZachXBT went public with his findings, pointing to a wallet funded by the LAB team that deposited 18.
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The deeper you go into the transaction history, the murkier it gets.
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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.
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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.
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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…
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Related: Ethereum Climbs 3% But Struggles to Break $1,800 Amid Robinhood Chain Launch
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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…
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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…
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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.
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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.
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Related: Bitcoin and Ether ETFs Pull In $282 Million, Snapping Eight-Week Outflow Streak
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