Blockchain investigator ZachXBT has published a detailed report on the LAB token, uncovering what appears to be widespread insider control. The project recently reached a $6 billion fully diluted valuation, but on-chain data tells a different story.
Circulating Supply Discrepancy: CoinGecko vs. CoinMarketCap Differ by 4x
Out of a total supply of 1 billion LAB tokens, major tracking sites show wildly different numbers: CoinGecko lists 76.5 million in circulation, while CoinMarketCap reports 309.9 million. The project's own documents fail to clarify the breakdown. According to ZachXBT's on-chain analysis, insiders likely control more than 95% of the current circulating supply, giving a tiny group of people total power over price movements.
Founders' Track Record and Hidden Loans
Founders Vova Sadkov and Mark previously ran a project called Eesee that left investors burned. Now they appear to be using a similar playbook. The investigation uncovered a private loan contract from early 2026 in which a BVI shell company called The Lab Management Ltd. borrowed funds at 7.5% monthly interest, with repayment in LAB tokens at market price if defaulted. These secret loans create a hidden supply that could be dumped at any time.
KOLs Get 80% Discount to Promote
Mark has reportedly been seeking buyers in public Telegram groups to sell tokens over-the-counter, some at 60% discounts with a five-month lock-up. Influencers (KOLs) have been offered 80% discounts in exchange for positive social media posts about the project, creating artificial hype while promoters acquire coins for nearly nothing.
On-Chain Links to Personal Accounts and Market Manipulation
Funds from project buybacks have moved to exchange accounts linked to Vova's personal NFTs and ENS names. The same wallet cluster is tied to an insider involved in manipulating other tokens like RIVER, who received over $12 million in tokens across exchanges. Between March and April 2026, insiders moved 226 million LAB tokens to Bitget; just days ago, 100 million were withdrawn from the same exchange — a pattern often preceding major price swings or dumps.
Price Support Hanging by a Thread
LAB is currently trading at $5.50, down 1.16% in the last 24 hours, while the broader market rose 2.04%. Rumors of a token unlock starting in June are circulating, but the team has a history of changing vesting terms unilaterally — previously moving a public sale cliff from 3 months to 9 months. If price falls below $5.50 support, the next level is $5.20. Retail traders are left in the dark, while the team and market makers know exactly when the next move is coming.