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LAB Team-Affiliated Address Dumps 18.4M LAB on DEX in 48 Hours, Token Crashes 54%

Price Volatility Token Events

2026-07-12 05:22:03

LAB-28.07%

According to blockchain investigator ZachXBT, a LAB team-affiliated address deposited 18.4 million LAB tokens to Aster and liquidated them on DEXs over the past 48 hours, causing LAB to crash from $1.2 to $0.55, a 54% decline. ZachXBT's investigation revealed the entity received over 196 million LAB from the LAB team in April 2026, with deposits to Bitget occurring on April 8, April 23-25, and subsequent withdrawals to 10 addresses on May 11-12.

The address currently holds approximately 81.5 million LAB tokens, according to ZachXBT's tracking.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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