On-chain monitoring detected that a LAB developer address transferred and dumped a large amount of tokens to a centralized exchange, directly triggering a market trust crisis and panic selling. The price plunged 8.50% within a 15-minute window, with a 24-hour decline of 84.18%. Massive long liquidations further intensified the downward spiral, forming a negative feedback loop of “decline—liquidation—further decline.” A large buy wall appeared near $1.402, suspected to be market-stabilizing funds, but overall downside risks remain unresolved.