LAB Plummets 54% Amid Insider-Linked Selling Pressure

The price of LAB cryptocurrency plummeted by 54% in the last 48 hours, sparking concerns about insider selling pressure.

A recent on-chain investigation by ZachXBT revealed that the sharp decline was not caused by random wallet dumping, but rather a planned coordination process with funds flowing from the LAB team's funded accounts.

The research found that over 196 million LAB 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 by the same entity, fueling another decline.

The same wallets now hold an estimated 81.5 million LAB, posing a risk of renewed selling pressure as long as those positions remain active. The price structure continues to reflect distribution, with each recovery vulnerable to renewed selling.