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

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 $0.55 over a 48-hour period ending around July 11-12, 2026, following the sale of 18.4 million LAB tokens worth roughly $18.3 million on the decentralized exchange Aster.

ZachXBT's analysis, detailed in a Telegram post, traced the selling entity back to an initial allocation of more than 196 million LAB tokens from the project team in April 2026. The investigator reported that these tokens were routed through deposit addresses on the centralized exchange Bitget before a portion was moved to Aster and sold. Despite the recent dump, the entity still controls approximately 81.5 million LAB, creating a persistent overhang that analysts warn could suppress any price recovery.

The LAB Trade team, which markets a multi-chain decentralized exchange terminal, addressed the price decline in a social media post, attributing it to significant selling pressure from large, independent market...