LAB Price Plunges 54% After Entity Dumps 18.4M Tokens
2026-07-12 20:30

Woofun AI reports that on-chain investigator ZachXBT identified an entity linked to the LAB team depositing 18.4 million LAB into Aster and selling them on the DEX spot market. This activity caused the LAB token price to fall 54%, dropping from $1.20 to $0.55.

The entity transferred tokens to three Aster addresses between July 10 and 11 and currently holds approximately 81.5 million LAB. ZachXBT noted the entity received over 196 million LAB from the team in April 2026, moved funds to Bitget, and distributed them to ten addresses between May 11 and 12. He previously raised concerns about market manipulation, citing financial ties between a LAB multi-signer and RIVER-related addresses, as well as nearly 226 million LAB deposited into Bitget from March to April.

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Tags:
LAB
ZachXBT
Aster
Bitget
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