TheBlock
On-chain investigator ZachXBT has published findings alleging that insiders control more than 95% of the LAB token supply — the native token of an AI trading terminal project carrying a $6 billion fully diluted valuation. The investigation points to coordination with an unknown market maker running a playbook ZachXBT says he has seen deployed across multiple projects to inflate thin, multi-billion dollar FDVs.
Despite the severity of the findings, ZachXBT explicitly cautioned that the investigation is not a recommendation to short. His reasoning: with insiders holding that level of supply control, the same actors have the firepower to push the price significantly higher before any unwind — a dynamic that has caught short-sellers off-guard in similar setups before.
The LAB case follows a pattern that has become increasingly common in AI-themed token launches: a compelling narrative, a…
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