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Verilumia

The Daily Verified Briefing

Markets

LAB token falls 95% after team-linked wallets sell 18.4M LAB

Published 12 July 2026

The cryptocurrency LAB has crashed by more than 95% from its peak last month, with a sharp 54% decline in recent days driven by massive sales from wallets linked to the project's founding team, according to an investigation by on-chain analyst ZachXBT. The token's price fell from approximately $1.20 to $0.

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