LAB Team Entity Sells on Unlock Day as Allocation Value Plummets 99%

Team-linked address continues offloading LAB tokens during unlock event. Initial $977M allocation share now worth ~$4M amid 99% price collapse and alleged manipulation.

Woofun AI reports that a team-associated entity is actively selling LAB tokens on the day of their scheduled unlock, contributing to a 99% decline in the asset's current price. The book value of this specific allocation share, which peaked at approximately $977 million, has depreciated to roughly $4 million. Specter alleges that this continuous selling pressure is driving further price erosion, characterizing the token's history as a manipulated pump-and-dump scheme. Despite public warnings from ZachXBT citing on-chain evidence of these activities, no exchange has implemented measures to halt or address the conduct.