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

According to on-chain investigator Specter, LAB tokens were unlocked today, and a team-associated entity is still selling LAB, with the current price dropping 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 the entity is actively selling, causing further price declines. LAB's price was once manipulated upward, ultimately becoming a classic pump-and-dump case. Although ZachXBT has repeatedly pointed out this behavior publicly and on-chain evidence exists, no exchange has taken action to stop or address it.