⚡$LAB at 9.17: Top Holders Show 68% With Team, Not Institutions: 📉🚨
#LAB is down hard, but who is still holding? The data shows $6.35B or 68.75% of supply is held by the LAB team itself.
Bitget holds $350.95M, Aster $192.70M, Gate $106.22M, with smaller amounts on KuCoin, PancakeSwap, and MEXC. At 9.17, that is 687.46M LAB sitting in the team wallet.
So is LAB fundamentally strong?
Not quite.
Most of this is not “top companies” buying LAB. It is the project’s own treasury and exchange wallets holding user funds. High team allocation means centralization risk. If they sell, price tanks. Exchange holdings mean traders are parked there, ready to dump on any bounce.
Fundamental strength comes from users, revenue, and real demand, not who holds the bags. Right now 68% with the team means one entity controls the float. That is high risk, not strength.
🚀 The only bullish angle:
exchanges like Bitget and Gate keeping $450M+ shows there is still liquidity for trading. But until team tokens are locked or burned, and real adoption grows, the crash makes sense.
Trade from here before DYOR 👇