Blockchain analytics platform BubbleMaps has questioned the legitimacy of LAB's surge to over $7 billion market capitalization, citing suspicious wallet activity and supply concentration issues. According to reports from AMBCrypto, the platform alleged that insider-linked wallets moved more than $200 million worth of LAB tokens ahead of the rally, while also questioning supply concentration and exchange-related flows tied to the project. The allegations surfaced as the LAB project publicly promoted its token buyback program on social media, describing it as a mechanism designed to convert ecosystem revenue into sustained market demand for the token.
As reported by AMBCrypto, BubbleMaps claimed that several wallets connected to the project moved large portions of LAB supply to exchanges before the token's rapid rise in valuation. The analytics platform alleged that wallets associated with insiders transferred roughly 15% of the token's supply to Aster ahead of the rally. They referenced earlier comments from blockchain investigator ZachXBT, who previously estimated that insiders controlled '95%+' of LAB supply. The contrast between LAB's public buyback campaign and BubbleMaps' allegations has intensified scrutiny around how rapidly rising crypto tokens structure liquidity, supply distribution, and exchange activity.
According to data from LAB's public buyback dashboard reported by AMBCrypto, the project has repurchased more than 22.6 million LAB tokens from a total supply of 1 billion tokens, spending roughly $3.4 million on buybacks. The dashboard displayed a steadily rising cumulative buyback chart through late May and early June, alongside a history of token purchases conducted during the rally period. LAB described the program as part of a broader ecosystem growth strategy rather than a short-term trading initiative. Just one day before the BubbleMaps thread gained traction, LAB publicly promoted its token buyback program on social media, highlighting it as a revenue-funded mechanism designed to support long-term token demand and ecosystem growth.
As reported by AMBCrypto, BubbleMaps questioned whether the token's trading activity reflected genuine market demand or heavily concentrated insider positioning. The platform argued that repeated wallet movements and exchange deposits appeared before major price expansions, raising broader concerns about transparency surrounding the token's market structure. The analytics platform also questioned why centralized exchanges continue to list tokens that allegedly exhibit recurring patterns of concentrated ownership and insider-linked activity. The dispute highlights growing attention around on-chain transparency as analytics firms increasingly scrutinize token launches, treasury activity, and exchange flows during major rallies. At the time of writing, LAB had not publicly responded directly to BubbleMaps' allegations.
