LAB: 85% Dump to $2 After Vesting Shifts

LAB plunged 85% to just under $2 from $14 within 24 hours, erasing a $14B FDV as vesting schedule changes allowed insiders to control the entire float and drive extreme CEX manipulation.

Binance, Bitget and Gate took no preventive steps despite repeated late unlocks, leaving retail exposed while market makers extracted profits.

Price action on the 4h chart shows LAB trading inside Bollinger Bands with upper resistance at $23.81 and lower support at $1.62; the oversold RSI at 23.69 sits below the EMA50 resistance of $12.01 and EMA200 at $12.14 while MACD remains locked in a death cross at -2.49, confirming sustained bearish momentum that favors further downside before any relief bounce.