News linked to both this project and an event.
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.
according to on-chain analyst Ai Yi's monitoring, LAB briefly fell below $3, with a maximum 24-hour drop of 50%, currently priced at $3.53. Binance LAB's open interest currently stands at $57.5 million, with the large trader long/short ratio at 37.94%:62.06% and the retail long/short ratio at 38.98%:61.02%. The proportion of long positions has slightly increased after the decline.
According to on-chain analyst ZachXBT (@zachxbt), the market capitalization of $LAB has recently surged to a $6 billion FDV, but serious issues lie beneath the surface: 1. Opaque token distribution: $LAB was co-founded by Vova Sadkov and Mark. Their prior project, Eesee ($ESE), faced criticism from investors. Platforms including CoinGecko, RootData, and CoinMarketCap provide conflicting data on LAB’s token distribution, with over 95% of the supply controlled by a small number of parties. 2. Unilateral amendment of terms: The team unilaterally extended the lock-up period for Legion’s public sale from three months to nine months. Additionally, multiple creators have reported delayed marketing partnership payments—some outstanding for several months—with no response from the team. 3. Opaque private loans: LAB privately offers loan agreements carrying a 7.5% monthly interest rate and a six-month term. The borrower is BVI shell company The Lab Management Ltd., signed by Vova Sadkov in his capacity as director; in case of default, repayment is to be made in LAB tokens at “market price.” 4. Anomalous on-chain fund movements: The borrower’s wallet (0xf09c) is identical to LAB’s public buyback wallet and exhibits on-chain linkages with another borrowing address (0x3185) associated with the Wildcat platform—suggesting related funds may have flowed into Vova’s personal exchange account. ZachXBT notes that $LAB
ZachXBT posted on X platform, stating that the wallet (0xf09c) of the LAB lending contract borrower is the same wallet used for public buybacks, and the funds have flowed to an exchange suspected to be personally controlled by Vova. Since January 2026, co-founder Mark has publicly sought OTC buyers, offering loans with a 5% monthly interest, as well as OTC parcels with a 60% discount and a 5-month lock-up period.The funding source for the LAB team's multi-signature signer address (0xcEA...eBC9) is linked to an insider involved in the RIVER manipulation incident. This insider had previously received over $12 million worth of RIVER tokens to two CEX deposit addresses. Between March and April, the insider deposited 226 million LAB tokens to Bitget, and recently withdrew 100 million tokens. An unknown market maker may be operating through Chinese exchanges.He pointed out that the team, market makers, and OTC buyers possess inside information, placing retail investors at a disadvantage. He called on Bitget, Binance, and Gate.io to freeze the profits obtained by insiders and redistribute them to users.
according to on-chain analyst Yu Jin's monitoring, over the past 10 hours, 100 million LAB have been withdrawn from Bitget to 10 trading addresses, with a total value of $514 million. This withdrawal amount accounts for 32% of the circulating supply of LAB. The withdrawal method and Gas source are highly consistent with the large-scale RAVE withdrawal incident earlier, suggesting that LAB and RAVE are operated by the same team.
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.
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.
according to on-chain analyst Ember's monitoring, the token LAB has risen from $0.2 to $2.38 in the past month. A certain address accumulated 575,000 LAB a month ago at a price of $0.2, worth $128,000. In the last half hour, the address transferred these LAB to Gate and Kucoin to take profit, currently valued at $1.26 million, realizing a profit of $1.13 million.
Odaily reports, according to Arkham monitoring, a key associated address of LAB (0x1e8e...E166) again transferred tokens to the Bitget deposit address (0x6593...E0bF) yesterday. It is estimated that the address received a total of 18 million LAB tokens in two batches on April 25, with a total value of approximately $15.39 million.The current circulating supply of LAB is 230.4 million, and the total amount received by this Bitget deposit address accounts for approximately 7.81% of its total circulation. LAB is currently trading at $0.8560, up 18.82% in the past 24 hours, with a circulating market cap of approximately $197 million. A large inflow of tokens to an exchange during a price surge may indicate potential future selling or market maker position adjustments.Previous news: A suspected LAB team address transferred 100 million tokens to two Bitget deposit addresses, accounting for 43.4% of the total circulation.
according to Arkham monitoring, the core associated address of LAB recently transferred funds to 3 Bitget deposit addresses (0xDd7..., 0x659..., 0xb11...) for aggregation. According to statistics, these three addresses received a total of 100 million LAB tokens, worth approximately $64.96 million, and the funds have subsequently entered the Bitget hot wallet.0x6593aa6c31C88397c37f71259625EC92Fe4EE0bF0xDd77BFbDc11Cd37fD255AE35A4ac39Df1F9d570a0x6593aa6c31C88397c37f71259625EC92Fe4EE0bFThe current circulating supply of LAB is 230.4 million, and the total amount received by these three addresses accounts for approximately 43.4% of its circulating supply. LAB is now quoted at $0.6496, down 0.74% in 24 hours, with a circulating market cap of approximately $149 million. A single aggregation and deposit of over 40% of circulating tokens may indicate potential large-scale sell-offs or market maker adjustment actions in the future.