The reason? An exploit reportedly led to around 4B unauthorized tokens being minted, with roughly 2.8B sold almost immediately. One exploit. Billions of tokens. Massive dump.
LAB’s locked supply appears to be getting unwound through one central hub.
Official unlock contracts are sending identical 1.895M LAB tranches into one wallet, which then distributes the same amounts across fresh wallets.
Then another 12.3M + 5M LAB (~$2.4M) was pushed out.
Same fragments. Same pattern. One hub. This looks more like one operator distributing an unlock position than organic tokens reaching independent holders.
Fresh wallets haven’t hit exchanges yet. That’s the next thing I’m watching. 👀
From the 0.01110 lows to around 0.04602, after tagging a fresh high near 0.0950 and this move has the whole market talking. 🚀 Momentum is clearly strong.
Hold above 0.0440 → next push toward 0.0600+ ⚡ Lose 0.0380 → possible pullback toward 0.0280 for a retest.