LAB token claims have officially launched on August 14 at 1 AM UTC, as confirmed by the team via their verified X account. The official claim link is claim.tokenops.xyz/p/lab, where eligible users can unlock their rewards starting immediately. However, this positive development coincides with significant market pressure, as LAB token crashed by more than 21% in the past 24 hours as selling pressure increased by 278%, according to reports from AMBCrypto. The decline has been fueled by offloading from early investors alongside weak market structure, with the altcoin breaking below a falling wedge pattern at $0.10 and trading around $0.08.
Early investors have seen their profits decline dramatically from $977.35 million to $6 million between July 4 and August 14, as reported by AMBCrypto. This distribution event has increased the circulating supply, triggering immediate selling pressure. The team sent LAB tokens between 500K and 2.25 million to facilitate the airdrop claim window that went live on August 14. No investor will receive the whole presale allocation before 2027, indicating profits might continue decreasing and creating disappointment among early participants. The official claim process requires users to have approximately $1 worth of BNB in their wallet to cover gas fees during the claiming process.
The CVD indicated that over 524K LAB tokens were sold on the MEXC exchange, with the CMF falling sharply from neutral level to -0.25, confirming capital flight, according to AMBCrypto analysis. LAB is down more than 99.67% from its peak level. On the liquidation map, LAB has more dense orders sitting below its current price than above, with liquidation leverage between $0.0828 and $0.0866 indicating more traders inclined toward further drawdown. Thin clusters sit above price in two zones at $0.093-$0.10 and $0.11, where bulls could potentially recover if these clusters are cleared.
The team has issued important security warnings regarding the claim process, emphasizing the need for users to verify official links directly from the verified token X account before connecting any wallet. As per the official guidance, users should avoid links shared through comments, DMs, or unofficial channels. Crypto events like this often attract phishing attempts, with scam pages mimicking real projects and tricking users into connecting wallets to fake portals. The consistency of the team repeating the same URL across both official posts is a good sign for users checking token price and eligibility. Projects that execute scheduled unlocks on time and without major issues tend to build greater trust and confidence within their communities.
