Blockchain intelligence firm Arkham flags extreme insider ownership concentration in $LAB, which has surged 3000% in three months.
$LAB, a cryptocurrency project with a $4 billion market capitalization, faces scrutiny from blockchain intelligence firm Arkham over concentrated token ownership. According to Arkham’s analysis, a single entity likely controls 90% or more of the token supply, with insider holdings potentially reaching 95% according to on-chain analyst ZachXBT. The token has rallied 3000% over the past three months.
Arkham’s investigation, published on X, identified the extreme concentration through on-chain analysis. The findings raise questions about token distribution and potential market manipulation risks in a project of this market size. The concentrated ownership structure suggests limited decentralization and liquidity for retail participants.
The 3000% three-month gain in a token with such heavily concentrated supply dynamics represents a significant market move in the crypto space.
Sources: Arkham Intelligence
This article was produced with the help of AI flows.