#LAB两日腰斩53% The “it feels like it has to go to zero” vibe is indeed something many people are worried about right now. LAB has just gone through an epic-level crash, and today (July 14) also happens to coincide with a new round of token unlocks—downward-pressure risks still haven’t been resolved.

Let me lay out the two most dangerous points right now:

· Terrifying drawdown: LAB has plunged from its historical high (about $16–$27). Its drop over the past 7 days is as high as 97.6%. It’s currently trading at roughly $0.3777. Its market cap has also shrunk from a peak of $4.7B to about $122 million.
· Today’s “time bomb”: As scheduled, the project team unlocked 16.23 million LAB tokens today (July 14) (worth about $4.06 million). Although this only accounts for 5% of the circulating supply, when the market is extremely fragile, any additional sell pressure could drive the price even further down.

And the core reasons behind the collapse are even more worrying than a simple market downturn:

· Alleged “insider distribution”: On-chain sleuth ZachXBT accused that insiders controlled over 95% of the circulating supply and have been dumping large amounts through wallets that were not made public. Reports say a wallet suspected to be team-linked transferred 18.4 million LAB to exchanges to dump, and it also controls more than 80 million LAB that are still pending.
· The “paper-wealth trap”: Total supply is 1 billion tokens, but currently only about 30.9% is in circulation; the remaining nearly 70% will be unlocked gradually in the future. This structure of low circulation and high FDV means that the sell pressure from future “unlocks” will hang over the market like the sword of Damocles.

So this round of crash is less like a simple market pullback, and more like a collapse of trust layered on top of a liquidity crisis. If you want to go deeper, I can expand further on how its “token unlock” mechanism specifically works, and the details of the on-chain evidence behind the so-called “insider market control.”