Chain-Quant

#labtokendrops94% 🚨 The LAB Token price dropped a lot 94% in 3 days. What really happened to the LAB Token? Imagine you are watching the LAB Token price go from $17.68 to $1.05 in only three days. 😳 That is what happened to the LAB Token. The LAB Token lost than $5 billion in market value and many traders lost a lot of money. Why did the LAB Token price crash hard? 🔻 Some people said that people in charge of the LAB Token had control over 95% of the LAB Tokens that people can buy and sell, which made people think that something was not right. 🔓 A big change was coming to the LAB Token in mid-July which made people start selling the LAB Token fast. 💰 People who watch the LAB Token transactions saw millions of LAB Tokens being moved from wallets that belonged to people in charge of the LAB Token right when the LAB Token price was dropping. ⚠️ When the LAB Token price went below some levels people who had borrowed money to buy the LAB Token lost their money, which made the LAB Token price drop even more. The people in charge of the LAB Token said that some big sellers were the reason for the LAB Token price drop but many people in the crypto community think that if the exchanges had watched things closely they might have been able to stop some of the damage. 📉 This is another reminder that tokens like the LAB Token can be very risky especially when a few people own most of the LAB Tokens. 👀 What do you think about the LAB Token? Was the LAB Token price drop because of the market or was it because of people manipulating the crypto market? Share your thoughts, about the LAB Token below. 👇 #Khan62 #Labs #Binance #altcoins $LAB