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LAB Token Plummets 97% After Link to Team Wallet Sales

The altcoin has collapsed from top-20 status to outside the largest 150 cryptocurrencies by market cap.

Yusuf Demir· Jul 12, 2026 · 1 min read
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LAB token has experienced a severe collapse, losing 97% of its value according to reporting by CryptoPotato. The cryptocurrency, which previously ranked among the top 20 alternative tokens by market capitalization, has now fallen outside the largest 150 cryptocurrencies.

The sharp decline follows allegations linking substantial token sales to wallets connected to the project's team. On-chain analyst ZachXBT identified these connections, reportedly tracing major selling activity back to team-funded addresses. This discovery appears to have catalyzed the token's dramatic sell-off.

The magnitude of LAB's fall highlights the potential consequences of perceived misalignment between a project's leadership and token holders. The token's journey from prominence to near-obscurity occurred relatively quickly, suggesting investors responded swiftly to the emerging information.

For more details on the incident and its implications, see the full report at CryptoPotato.

*Source: [CryptoPotato](https://cryptopotato.com/lab-token-crashes-97-as-zachxbt-links-massive-sales-to-team-funded-wallets/). Summary by Quantority.*

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How to read this

Funding APRAnnualized, OI-weighted funding. Positive = longs pay shorts (crowded longs).
Percentile 90dWhere current funding sits within the coin's own last 90 days (0–100).
Open interestTotal USD value of outstanding perpetual contracts.
OI change 24h / 7dHow fast leverage is entering (+) or unwinding (−) over the period.
Liquidation skewImbalance of forced closures (−1…1): + = more longs liquidated, − = more shorts.
Leverage risk0–100 composite of funding extremity, OI momentum, liquidations and volatility.

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Every figure here is read directly from Quantority's cross-exchange data. This is descriptive market analysis — a read on positioning, not a forecast, and not financial advice.