LAB Token Plummets 85% in 24 Hours, FDV Once Reached $14 Billion

On-chain detective ZachXBT reported that LAB dropped from $14 to just below $2 in the past 24 hours, with the $14 price corresponding to an FDV of $14 billion.

Binance, Bitget, and Gate did not take action to prevent the situation, as insiders controlled the circulating supply and manipulated prices through market makers. Investors were set to unlock tokens later this month, but the schedule has changed multiple times.

ZachXBT does not encourage trading LAB.

Source: Public Information