ZachXBT alleges $LAB token's $6B FDV driven by undisclosed private loans, OTC deals, vesting manipulation, and >95% supply concentration.
Ecosystem ·
Crypto researcher ZachXBT has alleged that LAB token's $6 billion fully diluted valuation is underpinned by undisclosed private loans, discounted over-the-counter deals, and unilateral changes to vesting schedules. According to the investigation, insiders control greater than 95% of the circulating supply, raising questions about the project's actual decentralization and the legitimacy of its valuation metrics.
The allegations center on opacity surrounding the token's distribution mechanisms. ZachXBT contends that significant portions of LAB were allocated through private financing arrangements rather than public markets, with vesting terms allegedly modified without transparent disclosure. The concentration of supply in insider hands, combined with these non-standard financing practices, suggests the project's market capitalization may not reflect genuine market discovery or broad token ownership.
What remains unclear is whether the project has responded to these allegations or provided documentation of the loan terms, OTC pricing, and vesting adjustments in question. The extent to which regulatory scrutiny may follow, and whether other stakeholders in LAB can independently verify the supply distribution claims, has not been established.