LAB's drop is too brutal, internal holdings 95%+? Wait for on-chain confirmation, don't catch the falling knife for now.

Over the past week, LAB has plummeted over 60%, falling to $7.50, a sharp retreat from its nearly $20 high on June 27. The panic selling stems from concerns over insider holdings, token transparency, and derivatives liquidations; on-chain investigators claim that insiders control over 95% of the supply, raising questions about distribution transparency, private OTC deals, changes to staking schedules, and large internal transfers. These allegations have not yet been proven in court, and LAB has largely disputed them. After breaking below $12, leveraged long positions were liquidated, triggering a wave of liquidations in the derivatives market. Attention is now focused on the stability of the $7.50–$7.65 range.