#LABPlunges53PercentInTwoDays on-chain data depicts a grim picture of the stages of a collapse unfolding.

This 53% drop happened within just two days (July 10–12), and was effectively triggered by an even larger-scale crash. A few days earlier, on July 6, the token’s trading price was still around $17. By the time it fell to $1.20, it had already reflected an astonishing 94% drop; afterward, the “whales” moved the assets to the Aster platform for dumping, and the value was then slashed by nearly another half.
Here are other key points emphasized by on-chain analysts and researchers regarding this large-scale sell-off:
1. “Whales” could be insiders
On-chain research and blockchain monitoring tools indicate these transfers did not come from ordinary whales. There is strong suspicion that the wallets executing this massive dump on Aster belong to insiders, or even directly to the project team itself.
2. Selling pressure likely isn’t over
Wallet tracking data suggests there remains a high risk of another major dump in the future.
Large-scale dump: a wallet reportedly associated with insiders or a market maker transferred about 18.4 million to 18.5 million LAB (worth approximately $18.30 million to $18.69 million) to Aster.
Remaining assets: the linked wallets are still said to hold about 81.5 million LAB—meaning that even after these plunges, the amount is still worth over $40 million.
If these remaining tokens are transferred to an exchange or some swapping protocol, we could see a third wave of even more aggressive dumping. This is a classic and painful reminder of what can happen when liquidity from individual investors becomes concentrated in just a few “insider” wallets in a project’s supply.
July 10 (Round 1) 8.0M LAB ~9.54M $1.20 $0.89 -26%
July 11 (Round 2) 10.5M LAB ~$9.15M $0.89 $0.56 -37%
Total 18.5M LAB ~$18.69M $1.20 $0.56 -53%
What this indicates
Heavy sell pressure: transferring 18.5 million LAB to an exchange or trading platform (such as Aster) suggests these tokens were likely readied for selling.
Low market liquidity: a sale of about $18.7 million resulting in a 53% drop implies LAB’s order book may lack sufficient depth to absorb the sell-off without causing a significant price impact.
Market sentiment: large whale dumps often trigger panic selling, stop-loss orders, and liquidations, amplifying the drawdown beyond the direct impact of the whale dump itself.
Items that need verification before reaching a conclusion
To determine whether this is purely a whale dump or if there are other causes, it’s worth checking:
Whether the whales have already finished dumping, or still hold large balances.
LAB’s current circulating supply, and what proportion 18.5 million LAB represents of it.
Whether the transferred tokens are actually sold on Aster, or merely stored there.
Whether the LAB project has any official announcements related to token unlocks, treasury fund flows, or partner relationships that could explain these transfers.
A 53% drop within two days is an unusually severe move for most crypto assets, typically reflecting a combination of concentrated selling and limited liquidity—not just normal market fluctuations.
‍$LAB