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LAB Token Plunges 85% in 24 Hours to Below $2, Analyst Flags Manipulation

Price Volatility Exchange Risk Security Incidents

2026-07-08 11:00:56

LAB-81.83%

According to on-chain analyst ZachXBT, LAB token plunged 85% in 24 hours, falling from $14 to below $2, with its fully diluted valuation shrinking significantly from around $14 billion. ZachXBT expressed disappointment with Binance, Bitget, and Gate for failing to prevent price manipulation, noting that insiders have long controlled nearly all circulating supply and have conducted extreme price manipulation through market makers on centralized exchanges. The analyst also pointed out that token unlocks originally scheduled for later this month have been repeatedly postponed, and advised against trading LAB under any circumstances.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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