LAB team-linked address continues selling despite 99% price crash

An address associated with the LAB team has continued to sell off its tokens even after the price has plummeted by 99%, according to on-chain analysis account Specter. This selling pressure persists amid ongoing token unlocks for the project. Specter noted that at LAB's all-time high, the team's allocated tokens were valued at approximately $977 million, a figure that has since fallen to around $4 million. The analyst asserted that LAB was designed to collapse from the beginning, with its price artificially inflated in what became a classic pump-and-dump scheme.