$LAB is under heavy pressure after a sharp drop from ~$11.68 to around $6, marking nearly a 50% move down in less than 24 hours. The selloff is being driven by rising fear around upcoming token unlocks, early investor profit-taking, and warnings about potential supply overhang. With large unrealized gains still sitting on locked allocations, the market is clearly pricing in future selling pressure. Technically, the $5.80–$6.00 zone is now the key area to watch. A breakdown could extend losses, while any bounce would likely be relief-driven rather than trend reversal. Overall sentiment has shifted firmly bearish as traders de-risk ahead of unlock events and volatility stays elevated.