LAB token has fallen 97% after blockchain investigator ZachXBT linked large token sales to wallets funded by the project’s team, triggering a severe loss of market confidence.
TLDR: KEY TAKEAWAYS
- LAB token lost 97% of its value in a sharp sell-off.
- ZachXBT alleged that large sales originated from wallets funded by the LAB team.
- No official response from the LAB project has been confirmed at the time of writing.
ZachXBT’s allegation and the wallet-funding link
On-chain investigator ZachXBT, known for exposing crypto scams and insider activity, publicly linked large LAB token sales to wallets that were originally funded by the project’s own team. The claim suggests that insiders may have been selling tokens into the open market while retail holders absorbed losses. For related coverage, see Bitcoin Falls Below $78,000 as Risk-Off Selling Hits Crypto.
When team-funded wallets are tied to significant sell pressure, it raises questions about whether project insiders were dumping tokens on unsuspecting buyers. This pattern has appeared in previous crypto controversies, including cases where SEC scrutiny of crypto projects intensified following similar allegations. For related coverage, see Could Japan Become XRP's Biggest Growth Market? Why the Odds Are Rising.
It is important to note that ZachXBT’s claims have not been independently verified through publicly available on-chain evidence in this report. The LAB token trades on BNB Chain, where wallet activity can be traced through block explorers. For related coverage, see Eric Trump on ETH Pumping Hard: Crypto Is the Future.
What the 97% collapse signals for LAB holders
A 97% price decline effectively wipes out nearly all value for holders who bought before the sell-off. Drops of this magnitude in crypto are typically associated with rug pulls or coordinated insider exits, though neither has been confirmed in this case. For related coverage, see Empery Digital Sold 1,400 BTC for More Than $87 Million.
The sell-off echoes broader patterns of risk-off selling in crypto markets, where allegations of misconduct can accelerate downward spirals as remaining holders rush to exit. Traders will likely watch for any official statement from the LAB project or further on-chain analysis confirming or refuting ZachXBT’s findings.
Until the team addresses the allegations directly, sentiment around the token is likely to remain severely negative. Readers should treat ZachXBT’s claims as allegations, not confirmed facts, and exercise caution with any remaining exposure to the token.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
