LAB plunges 50% intraday amid insider trading allegations

LAB fell from $5.50 to below $3 at one point, marking a drop of as much as 50% over the past 24 hours, ai_9684xtpa reported. The token has recently faced allegations from the crypto community that insiders gained control of over 95% of the supply before pumping the price. According to CoinMarketCap, LAB is trading at $3.57.