From $5,000 to $5.6 Million and Back to Zero? LAB Public Investors Experience a 99.94% Loss After 'Paper Wealth'
08/15 03:10
On August 15, according to monitoring by Ai Yi, an investor experienced an extreme 'paper wealth' scenario after participating in the LAB token public offering. A user from the crypto community, Skylinee, invested $5,000 in the LAB public offering in October 2025, with the token's value once soaring to approximately $5.6 million, marking a 1120-fold increase within nine months. However, due to the project team's unilateral decision to delay the token unlocking time, the investor only recently received the tokens. Current data shows that the LAB tokens held by the investor are now worth approximately $3,219, representing a decline of about 99.94% from the previous peak.
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