Investigations by ZachXBT

Community alert: Over the past 48 hour an entity initially funded by the LAB team deposited 18.4M LAB ($18.3M) to Aster and began selling LAB spot on the DEX which has caused the LAB price to drop another -54% from $1.2 to $0.55. The entity received 196M+ LAB from the LAB team in April 2026 and transferred LAB to four Bitget deposit addresses. On April 8 100M LAB total was transferred by the entity to two Bitget deposit addresses: 0xe39f91a0daffc5547ada79a09be30b8556f7dfba 0x77156a0a621d2ac7a075c0ac3172707c2e4aa191 From April 23 to 25 96M LAB total was transferred by the entity to two Bitget deposit addresses: 0x6593aa6c31c88397c37f71259625ec92fe4ee0bf 0xdd77bfbdc11cd37fd255ae35a4ac39df1f9d570a From May 11 to 12 ~100M LAB was withdrawn from Bitget to ten addresses as market data from the period did not support any independent party accumulating a position of that size. Thus indicates the same entity. The LAB withdrawn sat dormant until this week. From July 10 to 11 the entity began transferring LAB to three Aster deposit addresses and currently still holds another 81.5M LAB: 0xaad30cab22f772c1658b7845b5837d35bf3a467a 0x76ccfde9819500204985580d235dd8326fa0b241 0x628dd74f428a81cd34ece11331a7f1593f76047a In May 2026 I published an investigation on X detailing how the LAB team engaged in opaque private loans/OTC, unilateral vesting changes, >95% supply control, and irregular MM activity. This week the LAB price collapsed shortly before the rumored unlocks were scheduled to begin. After the LAB team made a vague announcement stating it was due to "large market participants". It is disappointing no action was taken by Bitget, Binance, or Gate for allowing blatant market manipulation on tokens against users.