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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 30 days · First seen · Last updated
LAB Token market collapse
Overview
The LAB Token, native to the LAB Trade platform, underwent a massive devaluation throughout mid-2026. In July, the token experienced a 95% crash that erased approximately $5 billion in market capitalization, dropping from a peak of $27.22 in June to $0.27 by mid-July. This collapse occurred alongside a broader downturn in the cryptocurrency market, characterized by declining Bitcoin prices and reduced stablecoin market capitalization.
By August, the token faced further volatility, including a 21% single-day price drop driven by a 278% increase in selling pressure. This decline was linked to the opening of an airdrop claim window, which allowed early investors to sell tokens and significantly increased the circulating supply. Following these events and allegations raised by ZachXBT, the token fell below the $0.10 support level to approximately $0.08, representing a total decline of more than 99.67% from its peak.
Entities
Timeline
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about 4 hours ago
[BUSINESS] 2 sourcesLAB token crashes 21% amid early investor sellingLAB token prices crashed over 21% in 24 hours as early investors began selling tokens following an airdrop claim window, amid allegations from ZachXBT and broader market weakness.
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30 days ago
[BUSINESS] 3 sourcesLAB Token collapse drives 95% crash and deepens crypto market slump in July 2026LAB Token’s value plummeted about 99% in July 2026, erasing roughly $5 billion, as the broader crypto market fell 12.6% to a two‑year low of $2.1 trillion, with Bitcoin dropping below $58,000.
Sources
ambcrypto.com · bitcoinethereumnews.com