June 22, 2026 01:00 to 01:15 (UTC+0) Within the window, LAB price rapidly dropped 6.03%, falling from the intraday high of $18.445 to $15.888. There are two main reasons: first, the narrative reported by Business Insider about "saturation in the laboratory-grown diamond market" directly impacted the fundamentals expectations of the LAB token; second, the community exposed a security incident involving the Axelar cross-chain bridge, triggering a trust crisis among holders regarding the underlying infrastructure. The combination of these two factors caused the price to spike and then sharply reverse, with a 24-hour volatility of up to 51.2%. Currently, it is in a retracement phase from the high, with bearish momentum continuing.