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LAB team-associated entity continues selling on token unlock day, with allocation share peaking at $977 million now valued at approximately $4 million

2026-07-14 08:08

According to on-chain detective Specter's monitoring, LAB tokens were unlocked today, and a team-associated entity is still selling LAB, with the current price having dropped by 99%. At LAB's peak price, the book value of these allocation shares once approached $977 million, now valued at approximately $4 million. Specter stated that this entity is actively selling and causing the price to continue declining. The LAB price was once manipulated upward, ultimately becoming a typical pump-and-dump case. Despite ZachXBT repeatedly publicly pointing out this behavior and the existence of on-chain evidence, no exchange has taken action to stop or address this conduct.