LAB Token Crashes 77%: $6B Wiped in 2 Hours 🚨
The $LAB token collapsed from $27.96 to ~$6 in just two hours, erasing nearly $6 billion in market value. On-chain data reveals the crash was driven by infrastructure addresses (routers & proxy contracts), not retail whales, sparking outrage over a potential rug pull.
Key Takeaways:
• 📉 77% Drop: From all-time high to lows in under 120 mins.
• 💸 $9B FDV Wiped: Valuation imploded from $28B to under $7B.
• 🕵️♂️ Suspicious Activity: Investigator ZachXBT alleges 95% of supply is insider-held; largest single sell was only $18.6K.
• 🤖 Automated Dump: One proxy contract executed 4,585 trades during the crash.
• ⚠️ Future Risk: Major token unlocks scheduled for July/August could trigger further volatility.
Crypto community is calling this the "most suspicious crash of 2026." Is the market safe anymore? 🤔
