ZachXBT Alleges Insider Control Over LAB Token as $6 Billion Valuation Faces Questions

Blockchain investigator ZachXBT has raised serious concerns about the structure behind the LAB token, alleging that insiders control more than 95% of the token supply. The claims focus on the AI trading terminal project, which recently reached a fully diluted valuation of nearly $6 billion despite questions surrounding ownership transparency.

According to the investigation, a large share of LAB tokens may be concentrated among insiders working alongside an unidentified market-making entity. The report argues that this setup may have contributed to sharp price increases while limiting public visibility into token circulation and ownership.

Questions Around Token Supply and OTC Deals

The investigation also highlighted inconsistencies in publicly available token data. Several analytics platforms reportedly show different supply figures, while project documents allegedly lack detailed breakdowns regarding token distribution.

Claims were also made about discounted over the counter token deals offered to selected buyers, with some arrangements reportedly tied to promotional requirements. On-chain activity cited in the investigation suggested significant token transfers between exchange-linked wallets.

Insider Allegations Spark Market Debate

Despite the allegations, ZachXBT cautioned traders against viewing the findings as a signal to short LAB, warning that concentrated insider ownership could continue influencing price movements.