LAB Token Price Falls 99% as Team-Affiliated Entity Continues Selling on Unlock Day

LAB-29.31%
According to chain analyst Specter, a team-affiliated entity continued selling LAB tokens on today's unlock date, with the token's price down 99% from peak levels. The entity's allocation shares were worth close to $977 million at LAB's price peak, but are now valued at approximately $4 million. Specter noted that the entity is actively selling and driving further price decline, following what appears to be a classic pump-and-dump pattern, though no exchanges have taken action despite public alerts from analysts like ZachXBT.
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