Elon Musk increased his net worth by 120X in a single decade. He went from $10B in 2016 to $1.2T today. That’s how fast stories can change.
@eCash reached a peak price of 0.0005925 in 2021, corresponding to a market cap of $12.4B. A 120X over a single decade means a $1.5T by 2031, where one XEC will be worth $0.07. Capital can avalanche into primed assets in a heartbeat. That’s a 15,000X return from today, that’s how fast stories can change. #eCash
mock no one, life is so fucking slippery, he wasn’t even near top 100 in forbes list 10 yrs ago but he’s at #1 today with a net worth surpassing GDP of 180 countries at just 54 yo. that’s how fast stories can change.
@bbittersu1te@arisbloomy Only right answer! Can also add knew better / forever boy which it transitions to… even Jason’s song (bonus). The entire dangerous woman 💿 and her aesthetic is perfect
@caincurrency@StarPlatinum_ + the eCash community is one of the most level-headed, non-delusional communities. Welcoming criticism and conversation are the bedrock for a great economy
Bro doesn’t even know what he is if that’s your opinion. Everything he does live is exciting, not auto tuned, last album tAnKeD but still 5B+ streams and artistically his best yet. Which is what matters. Bless your ears with just the beginning of his concert, the first transition will blow away anything you’ve heard before, live.
https://t.co/yeHNBO5ZP4
for a second, imagine you are @vsadkovv. Your insider team owns 99.72% of your now $20B company, @LABtrade_. You feel rich, but not really. Cash is king. You can’t do anything with $LAB. How do you make money?
> If you sell $LAB, you’ll drain the liquidity pools, which are only ~$1M USD in aggregate.
> You can try to scam innocent people by swapping them for USDT via OTC deals. You can try to use them as collateral to get loans. Although, only a tiny amount can be converted to cash this way. The most inexperienced people.
> You can try to actually develop your product. Maybe we’ll go from $1M annual revenue to hundreds of millions, and perhaps make this business successful. Then more people will trust us in OTC deals, and more will accept us as collateral. Hence, we can swap more of our less worthless $LAB to cold hard cash. Issue is, the product is generic AI slop, and will never gain real traction. This pathway is not possible for us.
> Oh no, now we’re desperate to not be paper billionaires. We must use a derivative market, such as perps, to be delta-neutral hedged. Now, we can borrow as much money as we can (hopefully some of those OTC sales helped) and SHORT 20X leverage on perps. Buy put options if that derivative instrument exists. Then, sell even $2M worth of $LAB on spot markets, draining the liquidity pool, causing the price to plummet. Slowly or fast, depending on how you enjoy the bloodbath. Your shorts are now in millions of dollars of profits. You may not be a billionaire, but may very well be worth hundreds of millions of dollars, based on the size of your shorts. Heck, why not then use those millions to rebuy perps and repump $LAB, since you still own well over 99% of the stock, if you only sold a bit. Suck the markets dry. Make billions.
@vsadkovv please tell me when you decide to dump it. DM me. I’d like to retire this week too. Are we there yet?
As a retail trader, your instinctual (and short-sighted) thought is almost definitely “who cares? If you can’t beat ‘em, join ‘em”. Buy $LAB on the way up, short on the way down. Even if you perfected this: bad thought. Without these rugpulls, you may see the rest of the crypto space receive more investment, and see MANY more 100X pumps that are STABLE. And do everything these scams do, sometimes at an even faster rate ($BNB rose by 2800% in ONE day a couple weeks after launch), whilst generating WEALTH for society. There’s nothing you can do though. Screw the overpowered and evil exchanges.
Issue is, the only preventative measure is for centralised exchanges to have more stringent listing criteria. Verify project founders, development roadmap, token distribution, and key stakeholders. $LAB would immediately fail the criteria. The obvious bad actors may be the scammers, but the more horrific, large-scale destructive bad actors are the exchanges prioritising bribes and ill money over the health (and more importantly, reputation) of the crypto industry. If the scams were never listed, or promptly delisted, the impact crater of the rugpulls would be orders of magnitude smaller.
@gfcalls We already have all information, but nobody care.
This space already got an immunity for scams. And this is sick.
We know these scammers, places they live, scans of their passports, restaurants they visit, an no one care
https://t.co/ay4xUdkkBT
The probability of Bitget selling off even a fraction of their $2B stock of $LAB is precisely zero. It would be worth <$1M, if you combined all the liquidity on spot markets. The ONLY ways to convert that to cash are:
- OTC deals with gullible third-parties
- dumping on spot AFTER setting up massive shorts on perps, guaranteeing ridiculous profits
lab:native summary:
There have been a lot of transfers in the last few hours and I've been posting them in pieces, so things might seem confusing.
Large amounts have been flowing out of Bitget's cold wallet.
First, 10M LAB was moved to Bitget's hot wallet, then transfers of 10M and 100M were made directly to the wallet address I mentioned below. (/$2.4B)
0xaDFffc33cdC9970349CBcEa3D73Ec343d6ed116D
Looking at that wallet's history, it's been holding LAB for a long time.
According to Arkham, it's likely a Bitget sub-wallet. A lot of people are reading these transfers as a sell-off and a dump, but we've seen this kind of manipulative movement many times before. Nothing is certain here.
There may also be OTC-related developments in play. Please read the post I quoted and don't lose your money.
$LAB is simply confirming the crypto industry is a joke. We've seen this EXACT setup over and over again.
- 2nd October, 2025: $MYX rugpulls from $17 to $1 in 8 days ($0.3 today)
- 24th October, 2025: $COAI rugpulls from $22 to <$1 in 10 days (brutal -70% in the first day, $0.3 today)
- 18th April, 2026: $RAVE rugpulls from $28 to <$1 in a day ($0.45 today)
Yet, NONE of these CEXes @Binance@Bybit_Official@bitget@OKX@WEEX will do ANYTHING about it. They know the game:
1. The insider and colluding Market Makers will keep buying $LAB on spot (there is literally $500K liquidity for a $8 billion contract). It is SUPER cheap and SUPER easy, especially since there is only 0.28% of the supply being ACTIVELY traded in spot.
2. They will pay these criminal exchanges, to be listed. Quickly, they will be the BEST performing 'projects' on the exchange, and drive a LOT of attention.
3. Billions of dollars will be traded in $LAB perps, so the exchanges will make a KILLING.
4. Technical analysis experts and pattern recognition experts and every expert / retail user to the end of the world will try to short it after seeing an impossible rise. Unfortunately, the perpetuals market is INDEXED to the spot market. If the spot price keeps going higher, its perpetuals will grind higher, and shorters will pay for trying to misprice/downprice it. Since no one is selling the spot (most of it is LOCKED), there is only pure buying pressure.
5. @LABtrade_ will try to SELL their tokens via OTC deals, to NOT impact the spot markets, and thus, keep the perpetuals hot potato alive
6. When they have sold enough tokens, they will use their money to SHORT their own coin. Massive shorts. And then, slowly, or ALL at once (like maniacs), sell their supply on the spot markets. The perpetuals markets will follow the spot, and dive headfirst. Their SHORTS will be in huge gains. The CEXes will be printing SO much money from volatility and attention, that they do NOT care.
Who wins? Every insider and CEX. Where did their newfound wealth come from? Not contributing ANYTHING to society, but worse, extracting from it, like parasites.
Nothing in this industry is going to change if people don't step up. If you think you know the game, open your eyes. I personally think, this time, they may grind $LAB to $TRUMP and $RIVER levels, almost $90, maximising their own profits. No one with a spine is going to stop them.
These aren't even the only scams. A few others I can remember, with different prices, but the same fates:
- 22nd March, 2026: $SIREN rugpulls from $5 to <$0.2 in 10 days ($0.6 today, it appears to form a massive consolidation, the scammers are going to blast this to space then bury it under hell)
- 25th May, 2026: $ESPORTS rugpulls from 75 cents to 5 cents in ONE day!
This is the holder map of lab:native
30 whales hold 99.72% of the supply
Yet every CEX listed this scam token. They're pure evil, do zero due diligence and only want to make money off their users
@yunggrimace_@Utd_Y14 'oh no. I can summarise every film into a sentence, so it must be cheap quality'
there's not a lot going up there, unfortunately.
@BowtiedPandaBr@matt_slotnick No mental job is going to 'drain' you out, especially not at meta. Try working warehouse shifts back-to-back, until your fingers won't bend in the morning. The idea about mental recovery is insane, be grateful for the blue collars breaking their backs to build your infrastructure
@CoineliusX@errolcart@Truthcoin I love how bro says "only $150M market cap" as if its easy to build a 9-figure business. Not only 9-figures, but with technology better than the trillion dollar leading crypto projects. All the attention in crypto is in the wrong places. Thankfully $150M is in the right place.
@CoineliusX@errolcart@Truthcoin Yes, but it will have zero longevity, contribute absolutely nothing to society, and peak at launch before all your money is stolen. BCH peaked at #2 when Amaury was there. Guess what? eCash (XEC) itself peaked at US$7 billion valuation, with the tech only much stronger today
imitation is a form of flattery.
ten years ago, @deadalnix led @Bitcoin_ABC to make @BitcoinCashOG the #2 crypto.
then @eCash was forked, mining-attacked, written off, and built with zero funding.
now it has tech others are only starting to understand.
see you at the top.
Last summer, when our group bought https://t.co/5PHHad2jOx for$170,000
The pre-existing XEC @eCash altcoin was ranked #160 on CoinMarketCap. I thought "no way is that a serious project".
Yesterday, I singlehandedly gave XEC more attention than they have ever gotten before -- or ever will get again...
...and they have since crept **down** to #164 . They are lower now than when we got the .com domain.
I have barely even started to build up the https://t.co/5PHHad2jOx brand. I literally sent just one single tweet. It was a completely secret site until yesterday.
If you own the @eCash twitter account or https://t.co/Ym2JUgbaX2 domain , I would very seriously consider selling... to us.
While you still can get something for it!