LAB, the native token of multi-chain trading platform LAB Terminal, has cratered 66.8% from its peak, slashing its market cap from roughly $4.7 billion to approximately $1.5 billion. The collapse comes amid thin liquidity, insider manipulation allegations, and daily price swings between 50% and 70%.
What happened to LAB
LAB Terminal positions itself as an AI-powered research and execution platform operating across Solana, Ethereum, and BNB Chain. The token experienced a meteoric rise in May and June 2026, surging as much as 192% in a single week and touching an all-time high somewhere in the $16 to $27 range, depending on the data source.
Out of a maximum supply of 1 billion tokens, only about 312 million LAB are currently in circulation — roughly 31% of the total. The project employs a buyback-and-burn mechanism funded by trading fee revenue, but when 69% of the supply is locked up and the float is this thin, even coordinated buybacks cannot absorb the kind of selling pressure LAB has faced.
The insider allegations
