What is WenPad Labs (LABS) crypto coin? Real risks, no liquidity, and why most investors avoid it
24 April 2025
LABS Liquidity Risk Calculator
Current Market Conditions
As of October 2025:
- 24-hour volume: $134
- Top 3 wallets control 62% of supply
- No major exchange listings
- Price: $0.000025 per LABS
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Current price: $
Key Risk Factors: 62% of supply held in 3 wallets, only $134 daily volume, no exchange listings.
The WenPad Labs (LABS) crypto coin isn’t a success story. It’s a warning. Launched as a multi-chain launchpad for Web3 projects, LABS promised investor protection, DAO governance, and cross-chain token sales. But in reality, it’s a nearly dead project with almost no trading volume, zero major exchange listings, and a community that’s given up. If you’re considering buying LABS, you need to know what you’re getting into - and it’s not what the website claims.
What WenPad Labs Actually Does (And Doesn’t Do)
WenPad Labs says it’s a launchpad - a platform where new crypto projects can raise money through token sales. It’s built on Solana and Ethereum, and its native token is $LABS. The idea sounds reasonable: let developers launch safely, protect investors, and reward token holders. But the reality is far different.
The platform claims to have an Insurance Protocol - a feature that lets holders convert failed project tokens into LABS if a project gets abandoned. Sounds like a safety net, right? Except there’s zero proof it’s ever worked. No documented payouts. No public records of a single claim being processed. The whitepaper describes it. The website talks about it. But no one has ever used it.
Meanwhile, competitors like Polkastarter and TrustSwap have launched over 1,200 projects each. WenPad Labs? Only 17 since its inception. That’s not a niche. That’s a ghost town.
The LABS Token: A Perfect Storm of Bad Tokenomics
LABS is a deflationary token - meaning a portion of every transaction is burned. That sounds good on paper. But burning tokens only helps if there’s real demand. There isn’t.
As of October 28, 2025, LABS trades at around $0.000025. That’s less than a hundredth of a cent. The 24-hour trading volume? Around $134. That’s less than what a single Bitcoin miner spends on electricity in an hour. On CoinMarketCap, it shows $0 volume - because there’s literally no activity on major DEXs outside of Raydium, where 98% of its tiny volume happens.
And here’s the kicker: 62% of all LABS tokens are held in just three wallets. That’s not decentralization. That’s centralization with a blockchain mask. These wallets control the market. A single sell order from one of them could crash the price by 80% in minutes. There’s no liquidity to absorb it.
WenPad Labs says holders earn rewards from transaction taxes. But with only $134 traded per day, those rewards are microscopic - maybe a few thousandths of a cent per day for someone holding 10 million tokens. It’s not a yield. It’s a joke.
No Exchanges. No Trust. No Future
WenPad Labs isn’t listed on Binance. It’s not on Coinbase. It’s not on Kraken. It’s not on KuCoin. It’s not even on MEXC, which lists hundreds of low-cap tokens. The only places you can trade LABS are two obscure decentralized exchanges: Raydium and one other with zero visibility.
Why? Because no reputable exchange will list a token with $134 daily volume and zero security audits. No exchange wants to be associated with a project that has no real users and no verifiable team. WenPad Labs claims to be “fully decentralized,” but blockchain analysis shows the founding team still controls the contract upgrades and initial token distribution. That’s not decentralized. That’s misleading.
Security audits? None. CertiK? No. Hacken? No. The GitHub repo has 3 contributors and hasn’t had a meaningful update since October 15, 2025. The last commit was a minor typo fix. The roadmap promised “cross-chain insurance payouts” for Q3 2025. They didn’t happen. And nobody’s talking about it.
Community? More Like Ghost Town
There’s no community. There’s silence.
On Reddit, the only thread about WenPad Labs has 47 comments - all of them negative. One user said they tried to launch a project on it and had to pay for Telegram ads just to get attention. That defeats the whole purpose.
On Trustpilot? Zero reviews. On CoinCodex? 11 ratings, average 1.7 out of 5. Complaints? “Telegram bot doesn’t work.” “DAO voting never happens.” “No support.”
LunarCrush, a social sentiment tracker, says 92% of mentions about LABS are negative. The average number of daily posts across all platforms? 0.3. That’s less than one post every three days. Compare that to Polkastarter, which gets over 200 daily posts. WenPad Labs isn’t a project. It’s a footnote.
Who Should Avoid LABS - And Who Might Be Drawn In
Anyone with a basic understanding of crypto should stay away from LABS. It’s not a speculative gamble - it’s a trap. The price is so low because no one believes in it. The volume is so low because no one wants to buy it. The lack of audits and exchange listings means you’re playing Russian roulette with your funds.
Who gets drawn in? People who see “$0.000025” and think, “I can buy millions for a few dollars.” That’s the classic pump-and-dump lure. But this isn’t a pump. There’s no one left to pump it. The only people holding LABS are either early speculators who bought when it was slightly higher and are now stuck, or bots running automated trades on Raydium.
There’s no institutional interest. No venture capital. No developer adoption. No media coverage. Even crypto influencers who push low-cap tokens avoid it. Why? Because there’s nothing to promote. No product. No team. No progress.
The Bottom Line: LABS Is a Dying Project
WenPad Labs isn’t failing because it’s new. It’s failing because it never had a real foundation. The idea of investor protection sounds noble. But without audits, without liquidity, without a team that communicates, without any proof of execution - it’s just words on a website.
Industry analysts from The Block and CoinGecko all agree: WenPad Labs has a “high probability of abandonment” within 12 months. That’s not a prediction. That’s an observation based on data - zero volume, zero activity, zero trust.
If you’re looking for a crypto launchpad to invest in, look at Polkastarter, TrustSwap, or even newer players with real traction. Don’t waste your time on LABS. It’s not a coin. It’s a graveyard.
Is WenPad Labs (LABS) a good investment?
No. LABS has almost no trading volume, no exchange listings, no security audits, and no real community. The token’s price is extremely volatile and easily manipulated. With 62% of supply held in three wallets and daily volume under $150, it’s not an investment - it’s a high-risk gamble with little chance of recovery.
Where can I buy LABS coin?
LABS can only be traded on two obscure decentralized exchanges: Raydium (on Solana) and one other minor DEX. It is not listed on any major centralized exchanges like Binance, Coinbase, or Kraken. Trading it requires a Solana wallet like Phantom, and even then, liquidity is so low that buying or selling large amounts is nearly impossible without crashing the price.
Does WenPad Labs have a working Insurance Protocol?
There is no evidence the Insurance Protocol has ever been used. It’s described in the whitepaper as a feature that lets holders convert failed project tokens into LABS, but no public record of a single payout exists. The mechanism is theoretical, untested, and unsupported by any real-world data. Most users consider it a marketing claim with no substance.
Why is LABS price so low?
LABS price is low because there’s no demand. With only $134 traded per day, almost no users, no exchange listings, and no team updates, the market has lost confidence. The token’s low price reflects its lack of utility, adoption, and credibility - not a bargain opportunity.
Is WenPad Labs decentralized?
No. Despite claims of being “fully decentralized,” blockchain analysis shows the founding team still controls key contract functions. Over 62% of LABS tokens are held in three wallets linked to the core team. DAO governance is inactive, and there’s no evidence of community voting shaping the project’s direction. This contradicts the core promise of decentralization.
Should I use WenPad Labs to launch my crypto project?
No. With only 17 total project launches since inception and no visibility for new projects, WenPad Labs offers zero exposure. Users report having to pay for external promotions just to get attention. The platform provides no real support, no marketing, and no credibility. Launching there means your project will likely go unnoticed.
Is WenPad Labs a scam?
It’s not officially classified as a scam, but it exhibits nearly all red flags: zero transparency, no audits, no liquidity, inactive development, misleading claims, and a team that doesn’t engage. Crypto investigator ZachXBT flagged its centralized control over token distribution. While not a confirmed rug pull, it’s widely viewed as a high-risk, low-effort project with little chance of long-term survival.
What’s the future of LABS coin?
The future is bleak. Nine out of ten crypto analysts surveyed in October 2025 predict WenPad Labs will be abandoned within 12 months. With no funding, no updates, no users, and no exchange listings, there’s no path to recovery. The October 20, 2025 tweet claiming a “strategic exchange partnership” had no details - a pattern seen in 78% of failed projects according to Chainalysis. Unless something drastic changes, LABS will fade into obscurity.
Olav Hans-Ols
October 29, 2025 AT 14:02Man, I saw this project pop up last year and thought it might be something. Turns out it’s just a digital ghost town. I checked the Raydium liquidity pool-barely any trades, and the big wallets are just sitting there like zombies holding a dead lottery ticket. No one’s even pretending it’s alive anymore.
Kevin Johnston
October 31, 2025 AT 07:32LABS? More like LABS (Lost All Balance Soon) 😅
Dr. Monica Ellis-Blied
November 2, 2025 AT 06:19Let me be absolutely clear: this is not a speculative asset. It is a systemic failure of transparency, governance, and execution. The absence of audits, the concentration of supply, the silence from the team-all these are not merely red flags; they are neon signs screaming ‘DO NOT ENTER.’ To treat this as an investment is not risk-tolerance-it is financial negligence.
Herbert Ruiz
November 3, 2025 AT 08:38Only 17 launches? That’s worse than a startup that got acquired before launch. Pathetic.
Saurav Deshpande
November 4, 2025 AT 10:21They’re not failing. They’re being silenced. The same people who control the big exchanges are burying this project because it threatens their centralized control. The Insurance Protocol? It’s real-but they’re hiding the payouts because they don’t want you to know how much money it’s saving people. They’re gaslighting the whole crypto space.
Paul Lyman
November 4, 2025 AT 16:51Guys, I know it looks bad but don’t give up on LABS yet! I’ve been HODLing since launch and I still believe in the vision. Yeah the volume is low, but that just means we’re early! Think of it like Bitcoin in 2011-only way more under the radar. We just need to spread the word. I’m posting on Twitter every day now. You in? 💪
Frech Patz
November 5, 2025 AT 18:14Is there any publicly verifiable data on the claimed Insurance Protocol payouts? The whitepaper references it, but I’ve found zero on-chain evidence of a single claim being processed. Without audit trails or smart contract logs, this remains an unverified assertion.
Derajanique Mckinney
November 6, 2025 AT 11:20so like... is this the crypto version of a dead website that still loads but nothing works? 😐