LAB is up 65% today. $14.98 at time of writing, $16.24 at the peak. Market cap above $4.8 billion. Fully diluted valuation near $15 billion. Trending everywhere.
Here is what the price chart is not showing.
What ZachXBT Found
Three weeks ago, blockchain investigator ZachXBT published a full investigation into LAB with a single opening line: “everything wrong with the current meta of retail extraction.”
1/ An investigation into the opaque private loans/OTC, unilateral vesting changes, market maker coordination, unknown float, and >95% supply control behind $LAB‘s recent pump to $6B FDV.
Here’s why @LABtrade_ represents everything wrong with the current meta of retail extraction… pic.twitter.com/L2U5kW1EUd
— ZachXBT (@zachxbt) May 14, 2026
His findings across four fronts:
95% insider float control. Between March and April 2026, insiders deposited 226 million LAB tokens into Bitget addresses where they sat dormant. ZachXBT estimates insiders control over 95% of the circulating supply through OTC deals, private loans, and market maker coordination.
Vesting terms changed without consent. The LAB team unilaterally extended the cliff period for public sale participants from three months to nine months without buyer consent. Participants who agreed to specific lockup terms found them changed after the fact.
KOLs paid to pump before they can sell. The most recent offering, a KOL capital pitch, sat at an 80% discount with 50% unlocking August 14 and the balance September 15, on the condition KOLs post promotional content multiple times before unlock or be blacklisted. Promote the token or lose your allocation.
Creators never paid. Cookie DAO had publicly stated that 40% of LAB rewards are unlocked with the remaining 60% following a six-month vesting schedule. As of May 2026, multiple creators say they have received none of the remaining 60%.
What Today’s Rally Actually Is
LAB surged from $9.04 to $16.24 in a single session on June 1, up 64.6% in 24 hours. Circulating supply of 312 million against a total supply of 1 billion. FDV at $15.3 billion. Source: CoinGecko
LAB has only 312 million tokens circulating out of a one billion maximum. If ZachXBT’s 95% insider control figure is accurate, the real tradeable float is closer to 15 million tokens. That is a $4.8 billion market cap built on a float that could fit in a single institutional wallet.
This is the same structure that preceded the Solstice SLX launch day collapse. Low float, high FDV, locked insiders sitting on paper profits, retail buying the visible price.
Simon Dedic confirmed today the foundation has pushed the next unlock to August to keep the pump running. Early investors trying to exit OTC are reportedly taking 90% discounts just to get liquid.
A few insiders reached out to me regarding this tweet:
1) The foundation has allegedly changed the $LAB vesting schedule before to keep the pump going. The next unlock is now reportedly pushed to August.
2) They’re making deals with CEXs, handing over large amounts of $LAB… https://t.co/j8PXoQNLGW
— Simon Dedic (@sjdedic) June 1, 2026
ZachXBT’s warning from three weeks ago still stands: “This is NOT a recommendation to short. With this much supply control, shorts give insiders more fuel to manipulate the price higher.”
The unlock window in August will decide what LAB actually is.
