LAB Trade insiders sell 18.4M LAB tokens as price drops 96%
A wallet cluster linked to the LAB Trade team just dumped 18.4 million LAB tokens worth roughly $18.3 million over two days, sending the token’s price careening from $1.20 to $0.55. That 54% haircut would be bad enough on its own, but here’s the thing: LAB was trading near $17 earlier in July 2026, meaning the full drawdown from peak to post-dump sits well above 90%.
The dump was flagged by ZachXBT, the on-chain investigator who has been tracking this situation since May 2026, when he first alleged that insiders control more than 95% of LAB’s total supply.
What the on-chain data shows
The 18.4 million token sale occurred on the Aster decentralized exchange over a window ending around July 11-12. At roughly $1 per token at the time of execution, the selling entity managed to extract approximately $18.3 million in value before the price cratered.
That entity, according to ZachXBT’s analysis, was funded directly by the LAB Trade team.
The selling wallet cluster didn’t even empty its bags. Post-dump, it still holds approximately 81.5 million LAB tokens.
ZachXBT also identified coordinated transfers of 226 million LAB tokens to addresses on Bitget, a centralized exchange.
How LAB Trade works, and why that matters
LAB Trade markets itself as a multi-chain decentralized exchange terminal. It aggregates liquidity across chains and handles order routing, charging a fixed 0.5% transaction fee.
Trading of LAB tokens has occurred across both centralized platforms like Bitget and Gate.io and decentralized venues like PancakeSwap.
What this means for investors
For current LAB holders, the situation is grim. A decline from the July peak has already destroyed the vast majority of value. The remaining 81.5 million tokens in the insider-linked wallet cluster represent ongoing overhang that could suppress any meaningful price recovery.
For the broader market, this episode reinforces why supply distribution analysis matters before entering any token position. Tools like Arkham, Nansen, and even free block explorers can reveal whether a token’s supply is concentrated in a handful of wallets. If 95% of a token sits in insider-controlled addresses, you’re not investing in a project. You’re providing exit liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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