LAB token crashes 70% after mobile app launch triggers massive sell-off and liquidation cascade.

LAB token, native to the Lab Network, plunged 70% within 24 hours after reaching an all-time high of $3.64, following the launch of its mobile app. The crash was driven by a "sell the news" event where large holders sold off their tokens, combined with technical factors like an overbought market and high-leverage liquidations. This sudden drop has raised concerns about the project's sustainability despite the team's claims of strong fundamentals. Recovery depends on proving the token's utility and demand amid a large circulating supply and past volatility.