Blockchain investigator ZachXBT said a wallet originally funded by the LAB team deposited 18.4 million LAB, worth about $18.3 million by his figures, into Aster over the past 48 hours and kept selling on decentralized exchanges. During that stretch, LAB dropped from $1.2 to $0.55, a decline of about 54%.
According to ZachXBT, the address received more than 196 million LAB from the LAB team in April 2026. He said roughly the same amount was later sent to Bitget deposit addresses, and about 100 million LAB was withdrawn from Bitget in May to 10 addresses before transfers to Aster began this week. He added that the entity still holds about 81.5 million LAB.
ZachXBT also said he had previously raised concerns in May 2026 over opaque private and over-the-counter deals, unilateral changes to the token vesting plan, and the LAB team controlling more than 95% of token supply. He said the latest price collapse came around a rumored token unlock window, while the LAB team responded only by citing a “large market participant.” He also criticized Bitget, Binance and Gate for not taking action over the alleged market manipulation.
Blockchain investigator ZachXBT said a LAB-linked address originally funded by the LAB team deposited 18.4 million LAB into Aster over the past 48 hours and kept selling on decentralized exchanges. Based on the figures in his post, the amount was worth about $18.3 million. Over the same period, LAB fell from $1.2 to $0.55, a drop of about 54%.
Transfers traced from the LAB team to Bitget and then to Aster
ZachXBT said the address received more than 196 million LAB from the LAB team in April 2026. He said about 196 million LAB was then moved in batches to Bitget deposit addresses.
In May, about 100 million LAB was withdrawn from Bitget to 10 addresses. Transfers to Aster started this week, according to his investigation. He added that the entity still holds about 81.5 million LAB.
Earlier disclosure and exchange criticism
ZachXBT said he had already disclosed in May 2026 that the LAB team had issues tied to opaque private sales and over-the-counter deals, unilateral changes to the token vesting schedule, and control of more than 95% of the token supply.
He said the latest collapse came around a rumored token unlock point in the market, while the LAB team responded by referring only to a “large market participant.” ZachXBT also said he was disappointed that Bitget, Binance and Gate had not taken action over the alleged market manipulation.
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