The LAB token’s freefall has entered a new and uglier phase. Onchain investigator ZachXBT said in a fresh update that an entity initially funded by the LAB team deposited 18.4 million LAB, worth around $18.3 million, to the decentralized exchange Aster over a 48-hour window and began selling the tokens spot on the DEX. The selling knocked the price down another 54%, from $1.20 to $0.55.
The bleeding has not stopped there. By Sunday, LAB was changing hands at $0.4542 on Aster’s daily chart, down a further 20.30% on the day after printing an intraday low of $0.4176.
Daily volume stood near 4.59 million, while the 1-hour LAB/USDT chart on Aster showed the token attempting a weak stabilization around $0.55 amid a 24-hour turnover of roughly 11 million USDT. For a token that traded above $24 at its peak barely two weeks ago, the round trip now amounts to a wipeout of more than 98%.
Following the tokens
According to ZachXBT, the trail is not new. The entity behind the latest sales received more than 196 million LAB directly from the LAB team in April 2026, routed tokens through four Bitget deposit addresses, and withdrew them to ten separate wallets between May 11 and 12.Â
Between July 10 and 11, it began moving LAB into three Aster deposit addresses, which he published in full, before dumping 18.4 million tokens on the open market. The wallet cluster, he added, still holds another 81.5 million LAB, a supply overhang that continues to loom over any recovery attempt.
The findings extend a paper trail The Crypto Times has followed since May, when ZachXBT first accused the LAB team of price manipulation and later alleged that insiders controlled more than 95% of the token’s supply through OTC deals, private loans, and undisclosed allocations, back when LAB carried a $6 billion fully diluted valuation.
A statement that convinced few
The LAB team, posting from its official account, acknowledged the carnage without accepting responsibility. It blamed the drawdown on selling pressure from “large market participants,” said independent trading firms unaffiliated with the team hold substantial positions, and insisted its product roadmap remains unchanged while it works with liquidity partners and monitors conditions.
ZachXBT’s onchain map, built on TRM Labs graphing, tells a different story: the wallet doing the selling traces back to tokens the project itself distributed. His conclusion has not softened since the token’s 85% single-day collapse from $14 to under $2 on July 8, when he criticized Binance, Bitget, and Gate for taking no action against what he called blatant manipulation, and warned users against trading LAB under any circumstances.
With 81.5 million LAB still sitting in the flagged wallets and investor unlocks on the calendar, the question hanging over the token is no longer whether the insiders will sell, but how much is left to absorb when they do.
Also Read: Crypto Stocks MSTR, COIN, HOOD Slide, Bitcoin Holds $64K While Altcoins DEXE & Zcash Surge
