LAB (LAB)

In case you’re wondering why CEXs aren’t stopping the massive and painfully obvious scam pump and dump of $LAB:

OKX, Gate, KuCoin, Mirana (venture arm of Bybit), GSR as their market maker: they’re all part of it.

They’re sitting on a 323x of their early investment right now. So they have every incentive to look the other way, or worse, to actively contribute.

These are the institutions that should be leading this industry forward. Instead they’re squeezing it dry every single day and wondering why there’s nothing left to grow.

Wu reports that on-chain researcher Eye posted that after ZachXBT repeatedly pointed out transparency issues with the LAB project, the LAB price rose to $6.20, but questions surrounding the team wallet, early investor stakes, and OTC trading are still fermenting. Eye noted that the Cybertim Ventures Telegram group once contained OTC trading information involving LAB stakes; based on the disclosed ownership structure and terms, the trade appears to match an early investor’s stake, possibly indicating that the investor sold part of the stake at roughly a 50% discount as early as Jan 5. Eye also said that recent on-chain data analysis identified wallets linked to the LAB team, including an address previously flagged by the community (0xf09C...d0b) that transferred a large supply via CEX, and another wallet associated with related parties that moved about 21 million ESE to exchanges such as Bybit, Gate, XT, and CoinW. https://t.co/Et4aGrcU98