LAB has fallen more than 99% from its all-time high, sliding from a June 2026 peak of $27.22 to roughly $0.27 and wiping out over $5 billion in paper market value. The decline has accelerated on allegations from on-chain investigator ZachXBT that wallets tied to the project's team dumped tokens even as a major scheduled unlock approaches.
The token's presale round tells its own story about who actually bears the losses. Just 313 participants contributed a combined $1,428,359 to the presale. At LAB's peak, that stake was worth almost $977 million on paper — a roughly 680x unrealized gain before the crash. Even after the near-total collapse, the same allocation is worth about $6.77 million today, meaning most of those 313 early backers remain deeply profitable relative to what they put in, even as the token itself sits down 99% from its high.
Supply concentration compounds the risk
Ownership of LAB is extraordinarily concentrated. On-chain vesting data shows the top 100 wallets control 99.86% of the total supply, with a single wallet holding 20.20% — 200 million tokens. That degree of concentration means a handful of addresses can move the market on their own, which is precisely the dynamic fueling concern that insiders sold into retail demand rather than holding alongside it.
The unlock that could deepen the slide
Roughly 282 million tokens — about 28% of total supply — are scheduled to unlock on August 14, the date Bubblemaps flagged as when the first presale claim goes live. With ownership already this concentrated and insider-dumping allegations already weighing on sentiment, the unlock adds a fresh source of potential sell pressure at the worst possible moment for a token already down 99% from its high.
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The gap between the presale's paper returns and its current value is the real lesson here: a token can collapse 99% from its peak and still leave early insiders sitting on life-changing profits, while everyone who bought in after the top absorbs nearly all of the downside.
