The LAB team's affiliated entities continued to sell on the day of token unlocking, resulting in a 99% drop in token prices

According to on chain detective Specter monitoring, LAB tokens were unlocked today, and an entity related to the team is still selling LAB, with the current price dropping by 99%. At the peak of LAB prices, the book value of these allocated shares was once close to $977 million, and their current value is about $4 million. Specter stated that the entity is actively selling and causing prices to continue to decline. LAB prices were once manipulated to rise, ultimately becoming a typical case of driving up shipments. Despite ZachXBT publicly stating the behavior and the existence of on chain evidence, no exchange has taken action to prevent or address the behavior.