3.4 US dollars of the $LAB —are you really daring to buy the dip?

A week ago, LAB was still at $18.42. Three days ago, it was smashed down from $13 all the way through $7.5. Today it even traded as low as around $2.6. Now it’s at $3.4—down 82% in a week.
Its market cap has evaporated from $4.7 billion straight down to just over $1 billion. In the past 24 hours, 180 million tokens were traded—14 times the 15-day average volume.
This isn’t a correction. This is a crash.
First thing: ZachXBT warned you back in May.
On-chain sleuth ZachXBT publicly accused in May that insiders control over 95% of the effective circulating supply.
ZachXBT also pointed out that the LAB team unilaterally extended the lock-up period for public-sale investors from 3 months to 9 months. They also gave KOLs and whales a special 80% discount in exchange for promotional content. Founders Vova Sadkov and Mark—who previously worked on a project called Eesee—turned out to be a complete mess.
Second thing: On July 14, 280 million LAB tokens will unlock.
BubbleMaps issued a warning as early as July 3: there will be a massive unlock of locked tokens in mid-July.
280 million LAB—nearly 90% of the current circulating supply. Based on the previous price, that represents almost $500 million worth of sell pressure.
What the team won’t tell you is that—starting in June, they’ve already begun unlocking small amounts every day, and from July through October the pace will accelerate and multiply.
Third thing: the technicals have already fallen into a death pattern
Daily chart: crushed from the $27.5 ATH all the way to today—down 88%. A series of continuous long red candles broke through every support, and moving averages are all in a bearish alignment.
4H/1H: volume expanded to 641,137 tokens—more than 14 times the average hourly amount.
Selling with increasing volume, and rebounds with decreasing volume. Every rebound is a chance to escape, and every dip-buy is catching the bag.
Key levels
Resistance above: 4.26 → 5.12 (only talk about stabilization if it can hold)
Support below: 3.10 → 2.50 → 2.0 psychological level
For those already holding:
Any rebound is a chance to escape. Trim near $4.26, and clear out completely if it gets above $5. Don’t fantasize about averaging down and pulling up the price.
For those currently in cash who want to buy the dip:
I know what you’re thinking—after a drop of 88%, how much lower can it go?
Circulating supply is only 31%. On July 14, 280 million tokens unlock. Then when the whale dumps, you won’t even have the strength to fight back.
If you’re itching to trade:
Wait until the July unlock peak passes. Then, if the price trades in a reduced-volume sideways range between 2.5 and 3 for more than two weeks, consider an extremely small position. Set your stop-loss at 2.0. Don’t let total position size exceed 3%.
Shorting? Don’t touch it. With this kind of volatility, both sides getting liquidated is the norm.
#GUSDYieldRisesto3.8%