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LAB draws pump-and-dump concerns after 100M token distribution via Bitget wallets
LAB is under renewed scrutiny after about 100 million LAB—valued at $480.33 million—was distributed across 10 wallets from Bitget, representing over 32% of circulating supply. The team-linked wallets are said to control around 98% of circulating supply while more than 19K holders share roughly 2%, as LAB hit $6.63 ATH and a $1.61 billion market cap before a ~42% cap drop followed comments from ZachXBT.