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Project Overview
LAB is a multi-chain trading terminal designed to support users' transactions through unique trading algorithms, multi-chain support, and customizable functions.
ZachXBT: LAB Plunges 85% in 24 Hours, Advises Against Trading the Token
on-chain investigator ZachXBT stated that the LAB token has fallen from $14 to under $2 in the past 24 hours, a drop of approximately 85%, with its fully diluted valuation (FDV) shrinking sharply from around $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate did not take proactive measures to prevent price manipulation. He stated that if centralized exchanges truly valued user interests, they should at least return profits from accounts suspected of market manipulation to users.He also pointed out that LAB investors were originally scheduled to begin unlocking tokens later this month, but the vesting schedule has been repeatedly modified. Insiders have long controlled nearly the entire circulating supply and have used market makers to carry out extreme price manipulation on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."
Bezos's AI LAB valued at nearly $38 billion in financing round
Odaily Jeff Bezos is close to completing a $10 billion financing round, valuing his laboratory at $38 billion. The lab focuses on developing artificial intelligence technology capable of understanding the physical world and transforming engineering and manufacturing.According to informed sources, the company, codenamed "Project Prometheus," plans to finalize a funding round soon, with a valuation reaching $38 billion including the newly injected capital. The sources added that this agreement will position the company as one of the world's most well-funded early-stage startups, which includes an initial $6.2 billion raised in November. However, due to strong market demand, the financing scale has been further expanded. One source revealed that JPMorgan and BlackRock are among the participants in this new round of investment. (Financial Times)
ZachXBT: LAB Plunges 85% in 24 Hours, Advises Against Trading the Token
on-chain investigator ZachXBT stated that the LAB token has fallen from $14 to under $2 in the past 24 hours, a drop of approximately 85%, with its fully diluted valuation (FDV) shrinking sharply from around $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate did not take proactive measures to prevent price manipulation. He stated that if centralized exchanges truly valued user interests, they should at least return profits from accounts suspected of market manipulation to users.He also pointed out that LAB investors were originally scheduled to begin unlocking tokens later this month, but the vesting schedule has been repeatedly modified. Insiders have long controlled nearly the entire circulating supply and have used market makers to carry out extreme price manipulation on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."
ZachXBT: Community Expectations Are Too High, May Reduce Public Release of Investigations
on-chain detective ZachXBT posted on X, stating that the crypto community's demands for his investigative work are often difficult to meet.ZachXBT said that when he publishes token manipulation investigations before insiders exit, he is accused of shorting the relevant projects, such as RAVE, M, and LAB. Conversely, when he reveals findings after an incident has occurred, he is criticized for failing to provide advance warnings.He indicated that constantly facing such criticism has gradually diminished his motivation to regularly publish investigative reports publicly, as he would rather continue his work privately than bear the pressure of public opinion. ZachXBT also criticized some community members for excessively relying on his investigation results instead of conducting their own research.
Amber Group associated address withdraws 340,000 LAB and deposits to Gate, valued at $1.74 million
According to monitoring by on-chain analyst Ai Yi, one hour ago, an address associated with Amber Group (0xDDb26...E7E3d) withdrew 340,000 LAB tokens from Binance wallet, valued at $1.74 million, and subsequently deposited them to Gate. LAB has surged 611% since May, currently trading at $4.74, recovering all losses incurred after Zach's bounty investigation.
ZachXBT Accuses LAB Founder of Engaging in CEX Market Manipulation and Harming Retail Investors
On-chain investigator ZachXBT stated that LAB’s founders engaged in CEX market manipulation while issuing “philosophical” statements—actions that harmed retail investors. ZachXBT noted he had attempted to contact them privately, but received no response. He added that such “scammer” behavior is further eroding the crypto industry’s already dwindling public trust.
ZachXBT: An entity transferred 47.9 million LAB from Bitget, briefly causing the price to drop another 35%
According to on-chain analyst ZachXBT (@zachxbt), the LAB token has been under continuous selling pressure since July 8, with the price plummeting from $14 (FDV approximately $14 billion) to the current range of around $0.27, representing a cumulative drop of over 96%. On-chain data shows that an entity initially funded by the LAB team had previously deposited 18.4 million LAB (approximately $18.3 million) into Aster and continued selling on DEXs, causing the price to fall further from $1.2 to $0.55. On July 13, the entity withdrew 17.9 million LAB (approximately $7.2 million) from Bitget and transferred them to Kucoin address 0xad768f...FD23, after which 5 million were withdrawn to an external address for continued selling. On July 14, another 30 million LAB (approximately $8.3 million) were transferred from the Bitget hot wallet to another Kucoin deposit address 0xbE8De...22B84, with the transaction hash being 0x95f0fb...d3df.
ZachXBT: Addresses associated with the LAB team are suspected of market manipulation and currently still hold approximately 81.5 million LAB.
On-chain detective ZachXBT stated that within the past 48 hours, an associated address early funded by the LAB team deposited 18.4 million LAB tokens into Aster and continued to sell off on decentralized exchanges, causing the LAB price to fall from $1.2 to $0.55, a cumulative drop of approximately 54%.
"LAB Whale" Transfers 18.5 Million LAB to Aster Within Two Days, Token Price Cumulatively Drops 53%
According to on-chain analyst Ember (@EmberCN), the LAB market maker has cumulatively transferred 18.5 million LAB to Aster within the past two days, valued at approximately $18.69 million at the time of transfer.
In the past 24 hours, a total of 18.69 million USD worth of LAB has been transferred. The address suspected to be an insider for LAB has transferred another 10.5 million LAB to Aster.
According to monitoring by on-chain analyst Ai Yi, the address suspected to be an insider for LAB has transferred another 10.5 million LAB to Aster. Based on the transfer price of $0.872 at the time of deposit, this is worth approximately $9.15 million. This marks the second time in about 22 hours that the address has transferred LAB in the same manner. In the past 24 hours, the address has cumulatively transferred approximately $18.69 million worth of LAB to Aster. Previously, after the address completed token transfers last night, the price of LAB experienced a decline.
LAB Suspected Insider Address Transfers 7.99 Million Tokens Again, Token Price Plunges 34%
According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address for $LAB transferred 7.99 million tokens to three new addresses under the Aster platform 11 hours ago. Only one and a half hours after the transfer, the price of $LAB plummeted from $1.21 to $0.8152, a drop of 34%. Previously, this address had transferred the same batch of tokens to three new addresses 3 hours ago, at which time the value was about $9.24 million, while three days ago this batch of tokens was worth as high as $141 million. Since July 6, $LAB has flash crashed from $17.68 to $1.05, accumulating a 94% plunge over three days. The coin price has fallen back to the level before the suspected market manipulation began two months ago, and the market suspects that the market makers have entered the direct distribution phase.
LAB drops to $0.89, 8 million LAB transferred to Aster suspected to be sold on spot market
according to on-chain analyst Ember monitoring, 8 million LAB tokens were transferred to Aster and are suspected to have been sold on the spot market. At the time of transfer, the price was still $1.2, but dropped 26% to $0.89 several hours later. Meanwhile, after LAB entered Aster, the trading volume of LAB on Aster increased significantly.
ZachXBT: Community Expectations Are Too High, May Reduce Public Release of Investigations
on-chain detective ZachXBT posted on X, stating that the crypto community's demands for his investigative work are often difficult to meet.ZachXBT said that when he publishes token manipulation investigations before insiders exit, he is accused of shorting the relevant projects, such as RAVE, M, and LAB. Conversely, when he reveals findings after an incident has occurred, he is criticized for failing to provide advance warnings.He indicated that constantly facing such criticism has gradually diminished his motivation to regularly publish investigative reports publicly, as he would rather continue his work privately than bear the pressure of public opinion. ZachXBT also criticized some community members for excessively relying on his investigation results instead of conducting their own research.
Bubblemaps: LAB Large Holders Locked Until 2027 May Raise Liquidity Concerns
on-chain data platform Bubblemaps has released an analysis of the LAB token on-chain data on X platform. Only 313 participants joined the presale on the Legion platform, with a total initial investment of approximately $1.428 million. The current market value of these presale holdings has surged to $977 million, with investors collectively enjoying an unrealized gain approaching $1 billion. Due to unlock restrictions, the full lock-up period for investors' shares extends to 2027, making it difficult to liquidate funds. The first batch of token unlocks will occur on July 14. Bubblemaps warns that the economic model featuring highly concentrated LAB holdings combined with long-term lock-up poses significant liquidity risks. There is widespread market concern that after subsequent rounds of unlocks, large-scale profit-taking by major holders could put downward pressure on the market.
LAB project team’s associated address transferred 3.66 million tokens, worth $14.07 million, 9 hours ago
According to on-chain analyst Ai Aunt (@ai_9684xtpa), just as blogger Zach publicly questioned the LAB project, an address linked to the project—0xf09…2Bd0b—received 3.66 million LAB tokens (approximately $14.07 million) nine hours ago from the multisig address 0x36F…0C291. The funds originated from the LAB token deployment address. Subsequently, this address transferred 2.125 million of those tokens to two contract addresses, whose specific purpose remains unclear.
ZachXBT Offers $10,000 Reward for Information on LAB Market Maker’s Identity and Insider Details
On-chain investigator ZachXBT has announced a $10,000 bounty for information regarding market makers involved in LAB’s spot trading on Bitget and perpetual futures trading on Bybit, Binance, and OKX—including passport details, identity verification documents, or insider information such as contract agreements and chat logs—targeting LAB’s founder (@vsadkovv). ZachXBT stated that these actors are further damaging the industry’s reputation and must not escape accountability.
ZachXBT Accuses LAB Founder of Engaging in CEX Market Manipulation and Harming Retail Investors
On-chain investigator ZachXBT stated that LAB’s founders engaged in CEX market manipulation while issuing “philosophical” statements—actions that harmed retail investors. ZachXBT noted he had attempted to contact them privately, but received no response. He added that such “scammer” behavior is further eroding the crypto industry’s already dwindling public trust.
ZachXBT: LAB Founder's Involvement in CEX Market Manipulation Harms Retail Investors
ZachXBT posted on X platform, stating that the LAB founder spouts philosophical nonsense while engaging in CEX market manipulation that harms retail investors. He previously attempted to contact them privately, but the messages were read and ignored. Scammers further undermine the remaining credibility of the industry.
Related news
LAB team-associated entity continues selling on token unlock day, with allocation share peaking at $977 million now valued at approximately $4 million
According to on-chain detective Specter's monitoring, LAB tokens were unlocked today, and a team-associated entity is still selling LAB, with the current price having dropped by 99%. At LAB's peak price, the book value of these allocation shares once approached $977 million, now valued at approximately $4 million. Specter stated that this entity is actively selling and causing the price to continue declining. The LAB price was once manipulated upward, ultimately becoming a typical pump-and-dump case. Despite ZachXBT repeatedly publicly pointing out this behavior and the existence of on-chain evidence, no exchange has taken action to stop or address this conduct.
ZachXBT: An entity transferred 47.9 million LAB from Bitget, briefly causing the price to drop another 35%
According to on-chain analyst ZachXBT (@zachxbt), the LAB token has been under continuous selling pressure since July 8, with the price plummeting from $14 (FDV approximately $14 billion) to the current range of around $0.27, representing a cumulative drop of over 96%. On-chain data shows that an entity initially funded by the LAB team had previously deposited 18.4 million LAB (approximately $18.3 million) into Aster and continued selling on DEXs, causing the price to fall further from $1.2 to $0.55. On July 13, the entity withdrew 17.9 million LAB (approximately $7.2 million) from Bitget and transferred them to Kucoin address 0xad768f...FD23, after which 5 million were withdrawn to an external address for continued selling. On July 14, another 30 million LAB (approximately $8.3 million) were transferred from the Bitget hot wallet to another Kucoin deposit address 0xbE8De...22B84, with the transaction hash being 0x95f0fb...d3df.
ZachXBT: Addresses associated with the LAB team are suspected of market manipulation and currently still hold approximately 81.5 million LAB.
On-chain detective ZachXBT stated that within the past 48 hours, an associated address early funded by the LAB team deposited 18.4 million LAB tokens into Aster and continued to sell off on decentralized exchanges, causing the LAB price to fall from $1.2 to $0.55, a cumulative drop of approximately 54%.
"LAB Whale" Transfers 18.5 Million LAB to Aster Within Two Days, Token Price Cumulatively Drops 53%
According to on-chain analyst Ember (@EmberCN), the LAB market maker has cumulatively transferred 18.5 million LAB to Aster within the past two days, valued at approximately $18.69 million at the time of transfer.
In the past 24 hours, a total of 18.69 million USD worth of LAB has been transferred. The address suspected to be an insider for LAB has transferred another 10.5 million LAB to Aster.
According to monitoring by on-chain analyst Ai Yi, the address suspected to be an insider for LAB has transferred another 10.5 million LAB to Aster. Based on the transfer price of $0.872 at the time of deposit, this is worth approximately $9.15 million. This marks the second time in about 22 hours that the address has transferred LAB in the same manner. In the past 24 hours, the address has cumulatively transferred approximately $18.69 million worth of LAB to Aster. Previously, after the address completed token transfers last night, the price of LAB experienced a decline.
LAB Suspected Insider Address Transfers 7.99 Million Tokens Again, Token Price Plunges 34%
According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), a suspected insider address for $LAB transferred 7.99 million tokens to three new addresses under the Aster platform 11 hours ago. Only one and a half hours after the transfer, the price of $LAB plummeted from $1.21 to $0.8152, a drop of 34%. Previously, this address had transferred the same batch of tokens to three new addresses 3 hours ago, at which time the value was about $9.24 million, while three days ago this batch of tokens was worth as high as $141 million. Since July 6, $LAB has flash crashed from $17.68 to $1.05, accumulating a 94% plunge over three days. The coin price has fallen back to the level before the suspected market manipulation began two months ago, and the market suspects that the market makers have entered the direct distribution phase.