LAB Crashes 77% From Peak, $6 Billion Wiped, Crypto Community Outraged

LAB token (LAB) collapsed 77% within two hours on June 2, sliding from a record $27.96 on MEXC to roughly $6 and erasing close to $6 billion in market value. Social channels are already calling it the most suspicious crash of 2026. On-chain trackers say the dominant addresses moving LAB through the dump were routers, proxy contracts, and settlement infrastructure, not retail holders or whales.

The…