LAB Address Profit Plummets 99.94% Post Unlock After 1120x Gain

A LAB public offering participant saw $5.6M gains evaporate to $3,219 after token unlock, marking a 99.94% value collapse despite earlier 1,120x returns.

Woofun AI data shows that an address participating in the LAB public offering in January 2025 experienced a 1,120-fold increase in value within nine months, converting a $5,000 investment into $5.6 million.

Following a unilateral delay in token distribution by the team, the address eventually received the tokens, which are now valued at $3,219, reflecting a 99.94% decline from the peak.