Spectral Labs
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·4648Vn…fEBhSummary
Spectral Labs (spectrallabs.xyz) is a U.S.-based Web3 protocol founded in 2021 that pivoted from an on-chain credit scoring product (MACRO Score) to an autonomous AI agent economy platform. The project has raised approximately $30 million from institutional investors including General Catalyst, Social Capital, and Jump Capital. Its governance token SPEC reached an all-time high of approximately $18.48 in November 2024 before collapsing more than 99% to under $0.10 by mid-2026, with Bybit delisting the token from both spot and futures markets, raising significant concerns around tokenomics, unlock-driven selling pressure, and product-market fit.
Connected Entities
1 entities- + 3 more
Timeline(12 events)
2021
Spectral Labs founded by Sishir Varghese and Srikar Varadaraj with focus on on-chain credit scoring.
24 August 2022
Spectral raises $23 million Series A led by General Catalyst and Social Capital, with participation from Samsung, Jump Capital, Franklin Templeton, and others.
November 2023
Spectral's Machine Intelligence Network launches on mainnet, marking the pivot toward an AI inference and agent economy.
7 May 2024
SPEC token generation event (TGE). Token lists on MEXC Global. 8 million SPEC airdropped to 52,992 eligible addresses.
August 2024
Spectral announces Syntax V2 and the migration of investor tokens from foundational custody to Anchorage Digital institutional custody.
30 November 2024
SPEC token reaches all-time high of approximately $18.48, coinciding with peak AI-crypto narrative momentum.
21 January 2025
Bybit delists SPEC/USDT spot trading pair, citing consistently low trading volumes and poor liquidity scores.
May 2025
Spectra Vault launches publicly on Hyperliquid exchange as an AI-operated autonomous trading vault.
September 2025
17.3% token unlock event releases approximately $1.58 million worth of SPEC at prevailing prices, increasing sell pressure in an already thin market.
October 2025
Bybit delists SPEC perpetual futures contracts, further reducing exchange coverage and liquidity.
14 May 2026
ZachXBT publishes major investigation into a separate LAB token project (LABtrade / The Lab Management Ltd.), alleging 95% insider control. This project is distinct from Spectral Labs but potential name confusion between the two entities has been noted by researchers.
29 May 2026
SPEC trading at approximately $0.075, down more than 99.6% from all-time high. Market cap approximately $1.55 million.
Decision Log
- hash: AUNDk59di6RWQQYDZvSfKXwVSndBUNdm78LhARzFSph1
This investigation is cryptographically anchored to the Solana blockchain (1 event). 20 of 23 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:27 AM
last updated: 8/29/2026, 11:26:13 PM
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