LAB price has suffered one of the steepest collapses in the crypto market this week, losing more than 60% of its value as concerns over insider holdings, token transparency, and heavy derivatives liquidations sparked a wave of panic selling.
Summary
- LAB price crashed more than 60% in a week as insider ownership concerns triggered panic selling.
- Heavy derivatives liquidations and a 23% drop in open interest accelerated the token’s decline.
- Weak crypto market sentiment and uncertainty over token unlocks added to the selling pressure.
According to crypto.news data, LAB (LAB) plunged to an intraday low of $7.50 on July 3, down more than 60% from its recent high near…
