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LAB token plunges as insider-linked wallets dump 81.5M tokens, sparking fears of further sell-offs.

Technical Signals
12 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

LAB's price dropped sharply due to coordinated selling from insider-linked wallets holding 81.5 million tokens. Over 196 million LAB were moved from the team’s accounts in April, fueling a 54% price decline to around $0.55. Despite brief rebounds, technical indicators and falling open interest suggest weak buying interest and potential for continued selling pressure. Investors remain cautious as large insider holdings could trigger more declines if sold.

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