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7/12/2026 5:15:00 AM

LAB: Team-Linked Wallet Dumps 18.4M Tokens on Aster

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.

Source

Analysis

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

@zachxbt

ZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space

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