LAB plunges 53% in two days—what really crushes the price isn’t the market, but the chips (liquidity/holdings)!

The LAB token has fallen as much as 53% in just two days, delivering another vivid risk lesson to the crypto market. From on-chain data, over the past two days, about 18.5 million LAB were continuously transferred into Aster, rapidly amplifying selling pressure. The price dropped from around $1.2 to $0.56, triggering large numbers of stop-loss orders and panic sell-offs.
What’s truly worth paying attention to isn’t just the price crash, but the problem of excessive concentration of holdings. On-chain analysis shows that this address previously received more than 196 million LAB and still holds about 81.5 million LAB. If a large amount of chips is controlled by only a few addresses, then once they choose to sell in a concentrated manner, it can cause a market stampede even if the project’s fundamentals haven’t changed significantly.
For ordinary investors, the biggest risk isn’t volatility—it’s not knowing who has the say in the market. When liquidity is insufficient and buy-side absorption is limited, large sell orders often magnify the decline and trigger cascading liquidations.
This incident once again reminds the market that beyond technology and ecosystem, a project’s most important factor is whether its tokenomics model is healthy—whether holdings are sufficiently distributed—and whether team information is transparent. Only by building long-term trust can it attract more institutional capital to participate.#LAB两日腰斩53%