LAB Drops Over 95% After ZachXBT Flags Team-Linked Deposits and Sales

LAB fell more than 95%, sliding from around $17 on July 6 to $0.4098, according to CoinMarketCap. According to NS3.AI, blockchain investigator ZachXBT said addresses linked to the LAB team deposited 18.4 million LAB, worth $18.3 million, to Aster and sold the tokens.

ZachXBT said the sale triggered an additional 50% drop in LAB’s price.