LAB is now around 0.22u. The story of this coin can’t even be described as a collapse anymore—it has completely caved in.

From its historical high of 27.3u to today’s 0.22u, it’s down more than 99%. A market cap worth tens of billions of dollars has just vanished.
On July 12, ZachXBT made another move—he directly uncovered a wallet funded by a team. It transferred 18.4 million LAB to the Aster side, then sold everything within 48 hours, crashing the price from 1.2u straight down to 0.55u. That wallet still holds 81.5 million LAB that hasn’t been sold yet.
The team’s response was that this was done by an “independent seller,” with no involvement from the team, and they “burned” 10 million tokens as a token gesture—but hardly anyone believes it.
On-chain data shows the first seven wallets control roughly 84% of the circulating supply. This isn’t just “chip accumulation” anymore—it’s completely held in the hands of a few people.
The biggest risk hasn’t been cleared yet: on August 14, 282 million tokens are set to unlock—more than the current circulating amount. If that amount really gets released, it will be hard for the price to hold.
Around 0.4u is a shallow top ground out over the past few days. If it can’t break through, it shows the rebound doesn’t have much strength.
This coin isn’t a question of whether to bottom-fish. Trust is already gone. With this level of insider control and market manipulation, any rebound is an opportunity to run—not a chance to buy the dip.#PreIPOs第二期OpenAI认购 $LAB