ZachXBT Accuses LAB Team of Market Manipulation, Holding 81.5 Million LAB

The LAB team transferred 18.5 million LAB to Aster within two days, causing its price to drop by 53%. On-chain detective ZachXBT stated that this entity received over 196 million LAB from the LAB team in April 2026, which was then transferred in batches to Bitget-related deposit addresses. In mid-May, it withdrew to ten addresses from Bitget and remained dormant for a long time until it transferred again to Aster this week. The entity currently still holds about 81.5 million LAB. ZachXBT emphasized that he has raised concerns about the LAB team's lack of transparency regarding private placements and over-the-counter transactions, unilateral adjustments to ownership arrangements, and the highly concentrated supply. He expressed disappointment that the relevant trading platforms have not taken action against suspected market manipulation.

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