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

BeInCrypto Editorial

(11:55 AM UTC)

1 min read

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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