A wallet cluster linked to the LAB Trade team just dumped 18.4 million LAB tokens worth roughly $18.3 million over two days, sending the token’s price careening from $1.20 to $0.55. That 54% haircut would be bad enough on its own, but here’s the thing: LAB was trading near $17 earlier in July 2026, meaning the full drawdown from peak to post-dump sits well above 90%.
The dump was flagged by ZachXBT, the on-chain investigator who has been tracking this situation since May 2026, when he first alleged that insiders control more than 95% of LAB’s total supply.
What the on-chain data shows
The 18.4 million token sale occurred on the Aster decentralized exchange over a window ending around July 11-12. At roughly $1 per token at the time of execution, the selling entity managed to extract approximately $18.3 million in value before the price cratered.
That entity, according to ZachXBT’s analysis, was funded directly by the LAB Trade team.
