LAB Token Unlock Day: Team-Related Entities Continue Selling, Allocation Value Drops to $4 Million
By: rootdata|2026/07/14 08:08:03
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The LAB token is unlocked today, and entities associated with the team are still selling LAB, with the current price having dropped by 99%. These allocation shares had a paper value close to $977 million at their peak, but are now worth about $4 million. Monitoring agency Specter noted that the active selling by this entity has led to a continuous price decline, and the LAB price was previously manipulated upwards, becoming a typical case of pump and dump. Despite ZachXBT publicly pointing out this behavior multiple times and providing on-chain evidence, no exchanges have taken action to stop or address this behavior.
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