Spectral Labs
Summary
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)
2021-01-01
Spectral Labs founded by Sishir Varghese and Srikar Varadaraj with focus on on-chain credit scoring.
2022-08-24
Spectral raises $23 million Series A led by General Catalyst and Social Capital, with participation from Samsung, Jump Capital, Franklin Templeton, and others.
2023-11-01
Spectral's Machine Intelligence Network launches on mainnet, marking the pivot toward an AI inference and agent economy.
2024-05-07
SPEC token generation event (TGE). Token lists on MEXC Global. 8 million SPEC airdropped to 52,992 eligible addresses.
2024-08-01
Spectral announces Syntax V2 and the migration of investor tokens from foundational custody to Anchorage Digital institutional custody.
2024-11-30
SPEC token reaches all-time high of approximately $18.48, coinciding with peak AI-crypto narrative momentum.
2025-01-21
Bybit delists SPEC/USDT spot trading pair, citing consistently low trading volumes and poor liquidity scores.
2025-05-01
Spectra Vault launches publicly on Hyperliquid exchange as an AI-operated autonomous trading vault.
2025-09-01
17.3% token unlock event releases approximately $1.58 million worth of SPEC at prevailing prices, increasing sell pressure in an already thin market.
2025-10-01
Bybit delists SPEC perpetual futures contracts, further reducing exchange coverage and liquidity.
2026-05-14
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.
2026-05-29
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 and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:27 AM
last updated: 5/30/2026, 4:56:35 AM
avoid.net — verified advice for a post-truth world