Strait of Hor2026-07-12 22:53:2024H crypto roundup: Iran says Hormuz Strait is currently closed, while Robinhood Chain tops $1 billion in first-week DEX volumeCrypto markets opened the July 13 cycle with mixed performance across the most-traded tokens on centralized exchanges, while geopolitics and U.S. policy developments drove much of the broader headline flow. Among the top 10 CEX tokens by trading volume, BNB, BTC, ETH, SOL and XRP posted losses over the past 24 hours, while WLD, ZEC and TRX moved higher. LAT led OKX’s 24-hour gainers with a 58.58% jump, followed by AGLD and T. On-chain meme activity tracked by GMGN featured Harris, Boycoin, fubu, HYPNO and SUNNYS. Outside the market screens, Iran’s Strait management authority said the Strait of Hormuz is currently not passable and that permit reviews will resume after conditions stabilize, according to Xinhua. That statement came alongside comments from Iran’s top leader Mojtaba Khamenei, who said Iran would retaliate against the U.S. and Israel, while U.S. Central Command said shipping through the waterway remains open and that Iran does not control the strait. In crypto-specific developments, a U.S. housing bill containing a ban on a Federal Reserve central bank digital currency has taken effect after Donald Trump neither signed nor vetoed it within 10 days. Robinhood Chain reported more than $1 billion in DEX volume in its first week, and ZachXBT alleged market manipulation involving LAB-linked addresses.2130
LAB2026-07-12 12:30:00ZachXBT says LAB-linked entity deposited 18.4 million tokens to Aster and sold on DEXBlockchain 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.1900
LAB2026-07-12 09:53:43LAB falls to $0.56 after 18.5 million tokens moved to Aster over two daysLAB fell sharply after large transfers from a market-making or controlling wallet to Aster, according to monitoring data cited by Techub News. EmberCN said the wallet sent another 10.5 million LAB to Aster last night, a batch valued at about $9.15 million based on the figures in the report. Over the past 11 hours, LAB dropped 37% to $0.56. The monitoring data also showed that the same wallet moved a total of 18.5 million LAB to Aster over two days, worth about $18.69 million. During that period, the token price slid from $1.2 to $0.56, taking the cumulative decline to 53%. The report did not provide additional details on the purpose of the transfers beyond the on-chain movements tracked by EmberCN.1360
LAB2026-07-12 08:01:52ZachXBT says LAB-linked address sold into market, still holds about 81.5 million tokensBlockchain investigator ZachXBT said a LAB-linked address that was originally funded by the LAB team deposited 18.4 million LAB to Aster over the past 48 hours and kept selling on decentralized exchanges. During that stretch, LAB fell from $1.2 to $0.55, a drop of about 54%. According to ZachXBT’s investigation, the entity received more than 196 million LAB from the LAB team in April 2026. The tokens were then moved in batches to Bitget-related deposit addresses. In mid-May, the funds were withdrawn from Bitget to 10 addresses, which then stayed dormant for an extended period before transfers to Aster resumed this week. ZachXBT said the entity still holds about 81.5 million LAB. He also repeated earlier concerns about the LAB team, including opaque private placements and over-the-counter deals, unilateral changes to vesting arrangements, and a highly concentrated token supply. He added that he was disappointed relevant trading platforms had not acted on what he described as suspected market manipulation.1800
ZachXBT2026-07-12 05:14:49ZachXBT says LAB-linked address sold on Aster as token fell more than 54% in 48 hoursBlockchain 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.1780
LAB2026-07-12 05:24:33ZachXBT says LAB-linked address sold $18.3 million in tokens as price fell 54% in two daysOn July 12, on-chain investigator ZachXBT said an entity originally funded by the LAB team deposited 18.4 million LAB into Aster over the past 48 hours and kept selling the tokens on decentralized exchanges. He said the sales were worth about $18.3 million and pushed LAB down from $1.2 to $0.55, a cumulative decline of 54% over two days. ZachXBT added that the entity received more than 196 million LAB from the LAB team in April 2026, then gradually sent tokens to multiple Bitget deposit addresses. In May, about 100 million LAB was withdrawn from Bitget to 10 addresses. Because market data at the time did not show an independent buyer building a position of that size, he said he believes the addresses are still controlled by the same entity. The tokens then remained dormant until July 10 and 11, when they began moving to Aster for sale. ZachXBT said the entity still holds about 81.5 million LAB. He also referenced a May investigation in which he accused the LAB team of opaque private lending and OTC deals, unilateral token unlock changes, control of more than 95% of supply, and unusual market-making behavior. He also criticized Bitget, Binance, and Gate for not acting on what he described as market manipulation.1810
LAB2026-07-12 01:31:33On-chain analyst says LAB whale moved 18.5 million tokens to Aster in two days as price fell 53%TechFlow reported on July 12 that on-chain analyst Ember (@EmberCN) tracked a LAB whale transferring a total of 18.5 million LAB to Aster over the past two days, worth about $18.69 million at the time of transfer. The first move came the night before, when 8 million LAB were sent to Aster. After that transfer, the token’s price fell from $1.2 to $0.89, a 26% drop. The second transfer happened last night, when another 10.5 million LAB, worth about $9.15 million, were moved. LAB then declined another 37% over the past 11 hours. After the two large transfers, LAB fell from $1.2 to $0.56 over two days, bringing the cumulative decline to about 53%, according to Ember’s tracking cited by TechFlow.1880
LAB2026-07-12 00:51:25EmberCN says LAB operator moved 18.5 million tokens in two days as price fell to $0.56LAB fell sharply as a major holder continued transferring tokens to Aster, according to monitoring data cited by BlockBeats. EmberCN said on July 12 that the operator moved another 10.5 million LAB, worth about $9.15 million, on the previous night. Over the past 11 hours, the token then dropped another 37% to $0.56. Across two days, the same party transferred a total of 18.5 million LAB, valued at about $18.69 million. During that span, LAB slid from $1.2 to $0.56, a cumulative decline of 53%. EmberCN’s breakdown also showed that after an earlier transfer of 8 million LAB, worth roughly $9.54 million, on the night before, the token had already fallen from $1.2 to $0.89, down 26%. The latest transfer was followed by another leg lower, extending the two-day selloff. The figures in the report were attributed to EmberCN monitoring data and published by BlockBeats.1290
