LAB, the native token of multi-chain trading platform LAB Trade, fell sharply again after already collapsing over the past week, with CoinGecko data indicating it was trading near $0.41 on July 14—down about 97% over seven days. The renewed weakness appears tied to on-chain allegations of team-linked transfers to exchanges and a scheduled token unlock that investors see as potential near-term supply.
Key takeaways
- Price move: LAB traded near $0.41 on July 14 after losing roughly 97% in a week, following a climb to around $17 earlier in the month.
- Catalyst: On-chain investigator ZachXBT alleged coordinated transfers from wallets linked to the project’s team that ultimately resulted in heavy selling on Aster decentralized exchange and related activity involving Bitget deposit addresses.
- Supply pressure: A scheduled unlock of 16.23 million LAB (about 1.6% of maximum supply) adds another potential source of sell-side liquidity through December 2026.
- Market implication: Technicals and on-chain signals suggest sellers remain in control, with limited evidence of a durable support level.
What drove the move
According to on-chain investigator ZachXBT, LAB’s sell-off was not driven by external market participants. Instead, the analysis pointed to wallets funded by the LAB Trade team coordinating transfers that led to heavy selling on Aster.
ZachXBT traced more than 196 million LAB transferred from a team wallet in April. The tokens reportedly moved through Bitget deposit addresses before reaching the selling entity. Over the last 48 hours, the same entity sold an additional 18.4 million LAB, which was valued at about $18.3 million at the time of execution, contributing to a fresh decline from roughly $1.20 to $0.55.
Separate ZachXBT findings also identified coordinated transfers involving 226 million LAB to Bitget-linked addresses. While the reports describe different stages of the movement, both analyses focus attention on wallets tied to the project’s internal distribution rather than broad-based external selling.
In addition, ZachXBT alleged that since May, insiders collectively control more than 95% of LAB’s total supply. The investigation further stated that the selling wallets still controlled about 81.5 million LAB, leaving additional tokens exposed to future market selling if transfers reach exchanges.
LAB also faces a near-term calendar-related supply catalyst. On July 14, a scheduled unlock released 16.23 million LAB, equal to roughly 1.6% of the token’s maximum supply. At current prices referenced in the article, that unlock was valued at about $4.1 million and represented the first monthly release continuing through December 2026.
Market reaction and what traders appear to be pricing in
CoinGecko data showed LAB continued to decline over the prior 24 hours. Although the token briefly rebounded from its intraday low, it remained close to its weakest level since launch, suggesting that any bounce lacked follow-through.
The sell-off also appears to reflect investor skepticism about how much circulating supply may reach the market. Even after the sharp collapse from earlier highs, the article notes that early investors could still be positioned with low cost bases, potentially making it easier for holders to sell into continued weakness.
The piece further cited CoinLaunch data that classified 70.8% of LAB’s total supply as “Untracked,” implying that a large portion of holdings may not have publicly disclosed allocation tracking and could potentially enter circulation without advance notice.
Technical picture: downtrend persists as momentum stays bearish
Technical analysis presented in the article described LAB as remaining in a strong downtrend after a near-vertical drop from July highs. The token allegedly moved below multiple recent support levels before settling near $0.44, with only limited attempts to recover.
Momentum indicators cited in the report remained unfavorable. The Relative Strength Index (RSI) reportedly rebounded slightly to around 36.6 after reaching deeply oversold levels, but it remained below the neutral 50 threshold—an indication that bearish control has weakened somewhat without confirming a sustained reversal.
The report also stated that the Moving Average Convergence Divergence (MACD) remains negative, with the MACD line trading below both the signal line and the zero level. While the histogram was said to be contracting, it was still characterized as consistent with prevailing downside momentum rather than a confirmed shift to buyers.
Volume and flow indicators were described as supporting the on-chain narrative of sustained selling pressure. The article said trading activity increased sharply during the breakdown, with large red volume bars appearing alongside the steepest price declines. On-Balance Volume (OBV) was reported to have fallen sharply after staying relatively stable during LAB’s rally, signaling continued capital outflows rather than isolated profit-taking.
As of publication time, the charts were described as not yet showing a convincing support level. The report suggested that any recovery would likely require sell-side pressure from team-linked wallets and future token unlocks to ease before buyers regain confidence.
What to watch next
Investors are likely to focus on whether additional transfers from wallets flagged by ZachXBT reach exchanges and how price responds as further unlocks proceed through December 2026. In the near term, the key question is whether technical indicators can stabilize and whether volume/OBV begin to show signs of capital returning—especially after the July 14 unlock adds another potential supply overhang.
