Blockchain investigator ZachXBT said on X that an entity originally funded by the LAB team deposited 18.4 million LAB, worth about $18.3 million, into Aster and sold the tokens on the DEX spot market. He said the selling pushed LAB down another 54%, with the price falling from $1.2 to $0.55. According to his post, the entity moved LAB to three Aster deposit addresses between July 10 and July 11 and still holds roughly 81.5 million LAB. ZachXBT also said the same entity received more than 196 million LAB from the LAB team in April 2026, later transferred tokens to Bitget addresses, and withdrew them from Bitget to 10 addresses between May 11 and May 12. He added that he has previously questioned LAB over alleged market-making manipulation and insider supply issues, citing claimed funding links between one LAB team multisig signer and addresses tied to RIVER manipulation, while noting that nearly 226 million LAB had been deposited to Bitget between March and April.
Blockchain investigator ZachXBT said on X that an entity originally funded by the LAB team deposited 18.4 million LAB, worth about $18.3 million, into Aster and sold the tokens on the DEX spot market. He said the move sent LAB down another 54%, from $1.2 to $0.55.
According to ZachXBT, the entity transferred LAB to three Aster deposit addresses between July 10 and July 11. He said the entity still holds about 81.5 million LAB.
He added that the same entity received more than 196 million LAB from the LAB team in April 2026, later sent tokens to Bitget addresses, and then withdrew them from Bitget to 10 addresses between May 11 and May 12.
ZachXBT has previously questioned LAB over alleged market-making manipulation and insider supply issues. He said one of the LAB team multisig signers had funding links to addresses tied to RIVER manipulation, and also said that nearly 226 million LAB was deposited to Bitget between March and April.
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