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LAB token drops 13.41% amid concerns over token supply and ownership concentration.

Market News
24 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

LAB token fell 13.41% to $14.71 as concerns over token distribution and supply schedule resurfaced. Allegations of opaque OTC deals and concentrated ownership fueled worries about future unlocks adding selling pressure. Despite this, buyers defended the $14.49 support level, showing demand remains near support. Market sentiment turned cautious with a majority of traders shorting LAB, and funding rates turned negative, indicating expectations of further downside. The token’s price will depend on whether demand can absorb upcoming token unlocks or if supply pressures dominate.

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