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

Odaily reported that according to on-chain detective Specter's monitoring, LAB tokens were unlocked today, and a team-related entity is still selling LAB, with the current price having dropped 99%. At LAB's price peak, the book value of these allocation shares once approached $977 million, and is now worth approximately $4 million. Specter stated that this entity is actively selling and causing the price to continue falling. LAB's price was once manipulated upward, ultimately becoming a classic case of pump and dump. Despite ZachXBT publicly pointing out this behavior multiple times and the existence of on-chain evidence, no exchange has taken action to stop or address the situation.