LAB: Team-Linked Wallet Dumps 18.4M Tokens on Aster
LAB price falls 54% to $0.55 after entity funded by LAB team deposits 18.4M tokens to Aster DEX and sells spot.
SourceAnalysis
LAB price plunged another 54% from $1.2 to $0.55 after an entity that received 196M+ tokens from the LAB team in April 2026 deposited 18.4M LAB ($18.3M) to Aster and sold spot on the DEX.
The same wallet still controls 81.5M LAB across three addresses and previously moved funds through Bitget. On the 4h chart price sits at $0.54 inside the Bollinger Bands with lower support at $0.48; RSI at 22.62 shows deep oversold conditions while the MACD registers a bullish golden cross at -1.63, yet both EMA50 at $5.34 and EMA200 at $9.84 remain distant overhead resistance that keeps the broader structure bearish.
ZachXBT
@zachxbtZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space