LAB is suspected of being 95% controlled, with a maximum 24-hour drop of 50%.
Event Overview : Based on user inquiries and available reference materials, the LAB token recently triggered market panic due to highly concentrated on-chain addresses and suspected control by a single entity or related party (rumored to be up to 95%), with a maximum drop of 50% within 24 hours. This event is directly related to the public investigation by well-known on-chain investigator ZachXBT.
Available data and key facts (as of May 15, 2026):
- LAB has risen 611% since May and is currently priced at around $4.74, having partially recovered from the losses triggered by the ZachXBT investigation.
- The Amber Group associated address (0xDDb26...E7E3d) withdrew 340,000 LAB tokens (worth approximately $1.74 million) from Binance within one hour and deposited them into Gate.io.
- Around May 6, ZachXBT publicly focused on the distribution of addresses on the LAB chain, the flow of funds on exchanges, and market maker contracts, pointing out "high suspicion of manipulation and price manipulation," and offered a reward of $10,000 for materials such as the founder's passport/ID, market maker contracts, or chat logs.
- Following the incident, LAB experienced sharp fluctuations, with a reported drop of up to 50% within 24 hours, before gradually rebounding.
Data limitations : The current reference materials only contain scattered news snippets (Amber address movements, ZachXBT investigation announcements, price recovery data), lacking a complete on-chain holdings distribution chart, evidence of specific controlling addresses, precise 24-hour trading volume and price drop timelines, project responses, or official token allocation data. Therefore, the specific source or calculation method of the "95% control" rumor cannot be verified, and multi-source cross-verification is also lacking.
Background and Market Reaction : ZachXBT has previously exposed highly concentrated projects (such as RAVE), often triggering short-term panic selling. The LAB incident aligns with its "war-time mode" investigative style. The market reacts strongly to such accusations, especially when token liquidity is limited; a single entity's sell-off can trigger a chain reaction of collapses. LAB's subsequent rebound indicates that some funds viewed the pullback as an entry opportunity, but suspicions of market manipulation have not been completely dispelled.
Potential Impact : If the rumors of market manipulation are true, the project's liquidity and price discovery mechanism will be severely damaged, and any large-scale transfers in the future could trigger panic again. Conversely, if it is a misinterpretation or normal market-making behavior, it may be considered short-term FUD (Fear, Uncertainty, and Uncertainty). Currently, there is no official clarification from the project team. It is recommended to pay attention to updates from on-chain data platforms (such as Arkham and Nansen) or ZachXBT.
Conclusion : The LAB incident reflects the high sensitivity of current memes/high-volatility tokens to on-chain detective investigations. The specific details of the 95% control and 50% drop cannot be fully confirmed with existing materials; more real-time on-chain data and project responses are needed to reach a definitive judgment. In the short term, prices will continue to be dominated by sentiment and the actions of large investors.
