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LAB tumbles after large token transfers to Aster top $18.69 million

LAB tumbles after large token transfers to Aster top $18.69 million

ZachXBT linked a wallet cluster funded by the LAB team to a two-day sale of 18.4 million tokens, while earlier concerns over insider control of supply continue to weigh on the market.

GT
CAKE

Fact Check
The claim's specific figures match the primary source precisely. EmberCN's original X post confirms: 18.5M LAB ($18.69M) over two days, a fresh 10.5M LAB transfer, a 37% drop over the last 11 hours, and price sliding from $1.2 to $0.56. A second independent analyst (Ai 姨) confirms the 10.5M LAB transfer worth $9.15M and the $18.69M 24h cumulative. Multiple news outlets (PANews, BlockBeats, Odaily) corroborate the same numbers. The only minor nuance: the claim rounds the two-day total to '18.5 million LAB moved,' consistent with EmberCN's 18.5M figure. All key facts are validated by corroborating primary and secondary sources.
Summary

LAB extended its collapse after on-chain investigator ZachXBT linked a wallet cluster funded by the LAB team to the sale of 18.4 million tokens worth about $18.3 million on Aster over roughly two days, a move that helped send the price from around $1.20 to $0.55. He said the cluster still holds about 81.5 million LAB, leaving a sizable potential overhang, and has also identified coordinated transfers of 226 million LAB to Bitget addresses. ZachXBT has been tracking the token since May 2026, when he alleged that insiders controlled more than 95% of total supply. LAB Trade describes itself as a multi-chain decentralized exchange terminal that aggregates liquidity across chains and charges a fixed 0.5% transaction fee, while LAB has traded on venues including Bitget, Gate.io and PancakeSwap. The token was also trading near $17 earlier in July 2026, putting the decline from that level to the post-dump price at well over 90% and underscoring continued concerns about supply concentration and market structure.

Terms & Concepts
  • wallet cluster: A group of blockchain addresses analyzed as being controlled by the same entity
  • liquidity aggregation: Combining available trading liquidity from multiple venues or chains to help route orders more efficiently
  • supply concentration: A market condition in which a large share of a token is held by a small number of wallets or insiders