Zachxbt: Lab's linked address is suspected of market manipulation and the price dropped by 54% over 48 hours

According to the chain detective Zachxbt, over the past 48 hours, an associated address funded by the Lab team has deposited 18.4 million Labs (approximately $18.3 million) to aster and sold at DEX, resulting in a drop in the price of Labs from $1.2 to $0.55, or about 54 per cent. According to the Zachxbt survey, the address was awarded over 196 million Labs in April 2026, then transferred about 196 million Labs to the betget filling address, and in May collected about 100 million Labs to 10 addresses from bitget until the transfer to aster began this week. At present, the entity still holds approximately 81.5 million labs. As early as May 2026, Zachxbt revealed the existence of problems such as lack of transparency in private and off-site transactions and unilateral changes to the token attribution plan. This price collapse coincided with the market hearsay of a token unlocking node, and the Lab team responded only on the grounds of “large market participants”. Furthermore, Zachxbt expressed disappointment at the lack of measures against market manipulation in Bitget, Currency and Gate。