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LAB crashes 56% as insider dumps $18.3 million worth of tokens
Jul 12, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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LAB plunged about 56% after a wallet initially funded by the LAB team sold 18.4 million tokens worth roughly $18.3 million through Aster over 48 hours, according to on-chain investigator ZachXBT. The sales drove LAB from about $1.20 to $0.55 just before scheduled token drops, highlighting centralized token control, on-chain security risk, and negative implications for token launch liquidity and DeFi adoption.
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LAB fell about 56% after a wallet first funded by the LAB team sold 18.4 million tokens worth roughly $18.3 million through Aster. On-chain investigator ZachXBT said the sales happened over 48 hours and dragged LAB from about $1.20 to $0.55. The crash occurred just before token drops were supposed to begin, and although the...
