Blockchain analytics platform BubbleMaps has raised concerns about suspicious wallet activity around LAB after the token surpassed its value. 7 billion dollars market capitalization, in a context of aggressive ecosystem buyout campaigns.
In a recent thread, BubbleMaps claimed that insider-related portfolios had moved more than 200 million dollars value of LAB tokens before the rally, while calling into question the concentration of supply and the flows linked to exchanges linked to the project.
The allegations surfaced as the LAB project publicly promoted a revenue-funded buyback strategy designed to support long-term token demand and ecosystem growth.
BubbleMaps flags insider-related portfolio moves
According to BubbleMaps, several wallets connected to the project moved a large portion of LAB’s supply to exchanges ahead of the token’s rapid rise in valuation.
The analytics platform claimed that wallets associated with insiders were transferred roughly 15% of providing the token to Aster before the rally. They referenced earlier comments from blockchain investigator ZachXBT, who previously estimated that insiders controlled “95% and above” of the AML supply.
BubbleMaps also questioned whether the token’s trading activity reflected true market demand or highly concentrated insider positioning.
The platform further argued that the repeated wallet movements and exchange deposits appeared before major price increases. This has raised broader concerns about the transparency surrounding the token’s market structure.
As of this writing, LAB has not publicly responded directly to BubbleMaps’ allegations.
LAB promoted an ecosystem-funded buyout strategy
Just a day before the BubbleMaps thread gained traction, LAB publicly promoted its token buyback program on social media. He described it as a mechanism designed to convert ecosystem revenue into sustained market demand for the token.
Data from LAB’s public buyout dashboard showed:
- more than 22.6 million LAB tokens repurchased,
- A total supply of 1 billion tokens,
- And approximately $3.4 million spent on buyouts.
The dashboard also displays a steadily increasing cumulative buyback graph through late May and early June, as well as a history of token purchases made during the rally period.
LAB described the program as part of a broader ecosystem growth strategy rather than a short-term business initiative.
The takeover narrative runs into manipulation problems
The contrast between LAB’s public buyout campaign and BubbleMaps’ allegations has intensified scrutiny of how the rapid rise of crypto tokens structures liquidity, supply distribution, and exchange activity.
While buyback programs themselves are not unusual in crypto markets, BubbleMaps suggested that wallet behavior and token concentration deserve further scrutiny.
The analytics platform also questioned why centralized exchanges continue to list tokens that allegedly exhibit recurring patterns of concentrated ownership and insider-related activities.
The dispute highlights the growing focus on on-chain transparency, as analytics firms increasingly scrutinize token launches, treasury activity and exchange flows at large gatherings.
Final Summary
- BubbleMaps claims that insider-linked wallets moved over $200 million in LAB tokens before the project’s rally.
- These claims surfaced as LAB promoted a revenue-funded buyout strategy designed to support the long-term growth of the ecosystem.
