ZachXBT Questions LAB Token’s $6B FDV, Cites OTC Discounts and Insider Supply
On May 14, crypto investigator ZachXBT alleged the LAB token’s ecosystem is dominated by insiders and private OTC arrangements, saying they likely control over 95% of the circulating supply even as the project topped a $6 billion fully diluted valuation. He also pointed to reported OTC discounts of up to 80% and vesting terms he said were not clearly disclosed to retail traders. By May 15, LAB traded at $4.11, down 24.4% in 24 hours and 9.1% on the week, while its 30-day gain cooled to 833.3%.