Wednesday, a wallet tied to the LAB project team moved 18.5 million tokens onto the Aster exchange over two days. The price fell 53% almost immediately.
On-chain investigator ZachXBT traced the full trail on X. The entity behind the dump first pulled 196 million LAB tokens directly from the team back in April 2026.
The tokens didn't hit the market straight away. They moved in batches to Bitget deposit addresses, then got withdrawn in mid-May and split across ten separate dormant wallets.
Those wallets sat quiet for weeks. Then this week, the tokens landed on Aster and the price cratered. The entity still holds roughly 81.5 million LAB, which suggests this may not be the last move.
ZachXBT had already raised concerns about the LAB team before this week's crash. He'd pointed to a lack of transparency around private placements and OTC deals, unilateral changes to vesting terms, and token supply concentrated in a small number of wallets.
Exchanges involved have said nothing publicly. For ZachXBT, that silence is part of the problem.
Trader Zaynnode posted on X that the dump looks preplanned and expects a price pump attempt within one to two weeks, timed ahead of a major presale token unlock scheduled for July 14. If that read is correct, holders are sitting between two potential waves of selling pressure.
This article is for informational purposes only and does not constitute financial advice. Crypto assets carry significant risk; always do your own research before making any investment decisions.
