LAB plunged nearly 90% in a week as heavy selling erased billions and shook investor confidence. Analysts linked LAB’s collapse to exchange-side selling as supply and liquidity concerns deepe
LAB suffered another sharp selloff on July 9, extending a week of heavy losses that erased billions of dollars in market value and rattled the broader crypto market. The multi-chain trading terminal token fell to around $0.90, down about 60% over the past 24 hours and nearly 90% over the past week.
The latest decline comes after weeks of questions over LAB’s token supply, liquidity, and trading activity. Its market capitalization dropped to about $280 million, while daily trading volume climbed above $340 million as selling intensified.
Read The Full Article LAB Token Crashes 90% in a Week as Selloff Wipes Out Billions On Coin Edition.
