LAB claims top gainer spot after 80% daily jump despite supply concerns

LAB has surged more than 320% over the past week, lifting its market capitalisation above $5.9 billion and making it the strongest-performing cryptocurrency in the market over the last 24 hours.

According to CoinGecko data, LAB gained more than 80% in a single day and climbed as high as $19 after extending a rally that has accelerated since late May.

Daily trading volume reached roughly $232 million, while the token's fully diluted valuation approached $14.9 billion.

Despite the sharp rise, much of the supply remains inaccessible.

CoinGecko data shows only about 312 million LAB tokens are currently circulating out of a maximum supply of one billion, leaving nearly 69% locked across team, investor, public sale, and ecosystem allocations.

What is driving LAB's rally?

Behind the rapid advance sits a token structure that several analysts describe as a low-float, high-valuation setup.

Additional market data indicates LAB's active liquidity-to-market-cap ratio stands near 0.22%, meaning only a small amount of capital is available in order books relative to its multibillion-dollar valuation. 

Analysts tracking the token say that retail demand from markets including Turkey, South Korea, and Japan has contributed to the latest move higher as buyers competed for a limited number of tradeable tokens.

Project supporters have pointed to the platform's activity across BNB Chain, Solana, and Ethereum as evidence of growing adoption. 

They have also highlighted a recently launched mobile application, token buyback programs, and revenue-sharing mechanisms as factors supporting demand for the asset.

At the same time, blockchain investigator ZachXBT has questioned whether the rally is entirely organic.

In a recent public statement, ZachXBT alleged that insiders and affiliated wallets control more than 95% of LAB's effective float through a combination of private allocations, OTC transactions, loans, airdrops, and team-linked holdings. 

He called for an investigation into what he described as opaque private loan agreements, market-maker coordination, changing vesting schedules, and uncertainty surrounding the token's actual circulating supply.

Further allegations involve documents tied to The Lab Management Ltd., a British Virgin Islands entity linked to the project. 

According to information cited by ZachXBT, certain loan agreements carried monthly interest rates of 7.5% and contained provisions allowing repayment in LAB tokens at prevailing market prices if borrowers defaulted.

Separate claims shared by ZachXBT allege that insiders were offered OTC allocations at discounts ranging from 60% to 90%, often with relatively short lock periods attached. 

He also alleged that some key opinion leaders were offered discounted allocations in exchange for promotional activity.

Questions have also emerged around token vesting. ZachXBT claims portions of the vesting schedule were modified, pushing some unlock events further into the future. 

Reports circulating among traders suggest the next significant unlock period could arrive around August.

Centralised exchanges have become part of the debate as well.

Blockchain analytics platform Lookonchain previously identified transfers of LAB tokens from wallets linked to the project toward exchange platforms before major price advances. 

ZachXBT has separately criticised what he described as coordinated arrangements involving market makers and several large exchanges, including Bitget, Binance, and Gate.io.

LAB price analysis

Recent price action on the 4-hour chart shows how quickly buying pressure has intensified.

LAB/USDT 1-day price chart. Source: TradingView.

After trading near the $4.50 to $5 area for much of May, LAB broke higher around May 29 and entered a near-vertical advance that carried the token above $19. 

The rally briefly pushed beyond $20 before sellers appeared, producing the long upper wick visible on the latest candle.

Momentum indicators continue to point higher. The 14-period Relative Strength Index currently sits near 88, placing LAB deep inside overbought territory. 

While elevated RSI readings often accompany strong trends, they can also signal that price has moved ahead of its historical pace.

Volume expanded alongside the breakout, while On-Balance Volume climbed sharply to new highs. 

In technical analysis, rising OBV alongside rising prices is generally viewed as evidence that buying activity is supporting the move rather than fading underneath it.

Because LAB advanced so quickly, the chart offers limited support levels between current prices and the breakout zone below. 

Should buying pressure continue, traders will likely focus on whether LAB can establish itself above the recent $19 to $20 region. 

If momentum weakens, the absence of established support areas could result in larger price swings than traders have seen during normal market conditions.

Unlock concerns remain in focus

For many market participants, attention remains fixed on supply rather than price alone.

Large portions of LAB's supply are still locked under vesting schedules, preventing early investors, team members, and other holders from freely selling into the current rally. 

Several traders have claimed that attempts to hedge those locked positions have produced mixed results as volatility accelerated.

Market observers have repeatedly pointed to previous low-float token cycles where strong rallies eventually gave way to sharp declines once larger amounts of supply reached the open market.

As a result, many analysts and traders are watching the reported August unlock window as the next major test for LAB. 

Whether the token can maintain its valuation after additional supply becomes available remains one of the most closely watched questions surrounding the rally.

The post LAB claims top gainer spot after 80% daily jump despite supply concerns appeared first on Invezz