Insider-Linked Sell-Off Sends LAB Crypto Plummeting 54% in Two Days

The price of LAB crypto plummeted by 54% in just two days, sparking concern about insider selling. According to an on-chain investigation by ZachXBT, a large sell-off was not caused by random wallet dumping but rather by a planned coordination process with money flowing from the LAB team's funded accounts.

The study found that over 196 million LAB tokens were moved out of the LAB team account in April and later flowed through Bitget before reaching the Aster account. Within the last 48 hours, an additional 18.4 million LAB worth approximately $18.3 million was transferred from the same entity, fueling another sharp decline.

The distribution continues to shape LAB's technical structure, leaving every recovery vulnerable to renewed selling pressure. The breakdown sliced through several Fibonacci retracement levels without attracting sustained buying, amplifying the weakening conviction.