LAB token jumps 67% to record $16.24; locked insiders scrutinized

LAB’s native token rose 67% to $16.24 on June 1, pushing its market capitalization above $4.66 billion. The token traded around $14.51 during the session, with peak volume near $223 million.

Circulating supply is about 312 million tokens, roughly 31% of the 1 billion maximum. The remaining supply is allocated to the team, investors, the public sale and ecosystem programs that are subject to cliffs and linear vesting. The token ranked about 25th by market capitalization and its fully diluted valuation stood near $14.9 billion.

Vesting schedules and cliffs prevent many early investors and team wallets from selling until scheduled unlocks. Foundation-controlled vesting reportedly pushed some unlock dates later. Some insiders have pursued over-the-counter sales at steep discounts with short additional lock periods attached.

Low available liquidity on exchanges amplified price moves during the rally. Thin order books made even modest sell orders produce larger intraday declines, and several episodes showed large holders testing exits that triggered double-digit selloffs. One trader posted on social media: “Traders are sitting on locked allocations with millions in paper profit, trying to hedge, and still getting liquidated.”

Blockchain investigator ZachXBT alleged on social media that opaque private loans, OTC deals and unilateral vesting changes concentrated control of the effective float. He estimated insiders control more than 95% of the float through OTC deals, private sales, airdrops and team wallets and called for an investigation.

Supporters pointed to active usage on BNB Chain, Solana and Ethereum, a recent mobile app launch and a rewards program. Backers cited revenue-sharing and buyback mechanisms among the project’s token features.

Market participants are watching scheduled unlock windows in July and August. Large releases of locked balances into circulation could affect available supply and influence prices.