LAB Token Crashes 90% in a Week as Selloff Wipes Out Billions
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LAB, the multi-chain trading terminal token, plunged nearly 90% over the past week to about $0.90 on July 9, falling roughly 60% in 24 hours and cutting market cap to about $280 million. Daily trading volume climbed above $340 million as intense exchange-side selling exposed supply and liquidity issues, and traders are watching for a potential short squeeze if a rebound triggers short liquidations.
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- LAB plunged nearly 90% in a week as heavy selling erased billions and shook investor confidence.
- Analysts linked LAB’s collapse to exchange-side selling as supply and liquidity concerns deepened.
- Traders are watching for a short squeeze if LAB rebounds and triggers major short liquidations.
LAB suffered another sharp selloff on July 9, extending a week of heavy losses that erased billions of dollars in market value and rattled the broader crypto market. The multi-chain trading terminal token fell to around $0.90, down about 60% over the past 24 hours and nearly 90% over the past week.
The latest decline comes after weeks of questions over LAB’s token supply, liquidity, and trading activity. Its market capitalization dropped to about $280 million, while daily trading volume climbed above $340 million as selling intensified.
Analysts Point to Exchange-Side Sell…
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