LAB Price Crashes 54% to $0.55 as Team-Linked Entity Dumps 18.4M Tokens on July 10-11, ZachXBT Claims

LAB-43.68%
ASTER-0.79%
According to ChainCatcher, on-chain detective ZachXBT posted on X that an entity initially funded by the LAB team deposited 18.4 million LAB tokens (approximately $18.3 million) into Aster between July 10-11, dumping them on DEX spot markets and triggering a 54% price collapse from $1.2 to $0.55. ZachXBT noted the entity transferred LAB to three Aster deposit addresses during that period and currently holds approximately 81.5 million LAB tokens. The entity received over 196 million LAB tokens from the LAB team in April 2026, subsequently transferred them to Bitget addresses, and withdrew tokens to 10 different addresses on May 11-12.
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