$LAB scam is still on, through @bitget and @binance , no one is doing anything about it, but its a matter of time before we see the price going to 0.5.....
@zachxbt has confirmed what I thought, same team as $Rave , $siren etc...
Not if.... Just when!
BREAKING: ZachXBT has officially called out $LAB following reports of shady activities 🚨
The on-chain sleuth even tagged the CEOs of Bitget and Lab alongside the damning evidence he cited.
The market reacted instantly—$LAB has plummeted ~40% in the wake of the news.
This isn't his first takedown; Zach's previous exposure of the $RAVE team’s blatant manipulation was the catalyst that led to that crime coin’s 98% collapse
‼️I’m holding $LAB short let me tell you why.
We all know what’s been happening with these manipulated token runs. Every week, every month, it’s the same cycle with a different coin. First it was $PIPPIN, then $SIREN, then $STO, then $RAVE, and now $LAB.
It feels like they keep pushing new tokens one after another to maintain hype and keep the market looking “clean,” especially once people start getting angry and calling things out whether it’s investigators like @zachxbt or other well-known voices in the space.
At this point, I don’t think these projects can keep reaching new ATHs forever through the same kind of manipulation. Of course, it’s still a risky trade, so I think it’s smarter to short with a small amount and just let it play out. Enjoy the war.
My goal stays the same: pushing back against this kind of market behavior.
Binance honestly felt better when Changpeng Zhao was CEO.🔴
$LAB has likely topped since @zachxbt has shed some light on it
Vova the founder literally tweeting philosophical Slop because he is likely high on his own supply literally and figuratively after those 9-fig gains
Also totally not surprised such founder grifting from Dubai
@SpecterAnalyst@LABtrade_@vsadkovv LAB founder posts philosophical bs while engaging in CEX market manipulation that hurts retail investors.
Attempted reaching out in private however was left on read.
Grifters further ruin any credibility our industry has left.
@LABtrade_ How about the fact there’s zero transparency about the $LAB market manipulation agreement your team is running while your founder is currently deleting old posts & ignores my DMs?
Price manipulation now happens almost every week, with $LAB by @LABtrade_ becoming the latest pump-and-dump token while Bitget continues playing the usual CEX role.
The LAB team, @vsadkovv, appears to control a significant portion of the supply. Wallets linked to the team still hold large allocations:
0x7Cfd8d2d8626B287bEA569b5e65AB5CBb75E9265
0x78a79D0fa0Eaf58741f5Bde7E05b5CC8F33D24d3
0x36FC85Ec486C254c9564d66de8c4210a1A20C291
0xf79ff8a5052E969a6d13E18c4E439fE5202B02Fa
0xB4b74D63F30076870d54aB9E8E6a7D18293273c3
0xe03722dedBf090Ad7A1C8F82ceB86637053E21dd
On April 8, a wallet linked to the team (0xe037) deposited 40M LAB worth $13.6M to Bitget:
0x77156a0a621d2Ac7A075C0AC3172707C2e4aa191
The LAB price started pumping on May 1, but a week earlier wallets linked to the team deposited 96M LAB worth around $63M to Bitget:
0xDd77BFbDc11Cd37fD255AE35A4ac39Df1F9d570a
0x6593aa6c31C88397c37f71259625EC92Fe4EE0bF
This looks coordinated. Gas fees (0.14 BNB) were distributed a week earlier
0x50f2760fd5E6d546EE7dcEB617F33497A3C38593
0x0559694BbB47dbA8Bc3B7ac93004EF401F2da16d
The wallet below has also been aggressively buying $LAB on-chain and depositing to Gate and Bitget, including tokens like $SkyAI, which surged 1000% in the last 30 days:
0x11fc12b988933966688d33B70651B5f2f450963C
It has been weeks since @GracyBitget promised an investigation, yet there has been no public update. If platforms cannot conduct internal investigations, identify coordinated manipulation, or provide transparency on who is behind these activities, confidence in market integrity keeps declining.
ZachXBT still has a reward open for credible intel that lead to identifying the actors behind this operation.
Stay smart.
A prime example: $LAB
This token is extremely tightly controlled, with at least 99% (>95%) of the total $LAB supply in the hands of market makers.
I spent the whole day observing the position size from Binance statistics: in the afternoon, short positions only reached 5 million USDT -> this continued for hours, indicating no new positions were opened by short sellers -> they are very risk-averse.
Market maker's strategy: It lasted until evening -> a sharp drop to $2.28 -> This attracted retail investors believing the short-selling trend was clear, leading them to open positions -> the position increased to $8 million USD. If you don't cancel the order after the position becomes profitable, you will immediately lose money.
Then, the market maker withdraws the long position -> increasing it to $60 million USD.
This strategy will play out tonight :D => targeting the all-time high price > $4 USD is also when I short sell it :))
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