LAB hits $16.23 all-time high on June 1 as 95% supply-control claims fuel volatility warnings

LAB, a token tied to an AI trading terminal project, reached a new all-time high of $16.23 on June 1 after trading near $7.31 about 24 hours earlier. The move pushed weekly gains above 250% and helped trigger more than $19 million in liquidations, while the token briefly entered CoinGecko's top 20 by market cap. Investigators and commentators on X warned that concentrated ownership and an upcoming token unlock could amplify volatility.