ZachXBT: LAB has been subject to extreme price manipulation on centralized exchanges (CEXs), and trading LAB is not recommended.
2026.07.08 18:42:50
On-chain sleuth ZachXBT reported that LAB has plunged 85% over the past 24 hours, dropping from $14 to just under $2. At the $14 price level, its fully diluted valuation (FDV) reached $14 billion. Disappointingly, Binance, Bitget, and Gate failed to take action earlier to prevent this incident. He stated that if centralized exchanges (CEXs) truly prioritize their users, they should at minimum distribute profits generated by price-manipulating accounts to users. ZachXBT also added that LAB investor unlocks were originally scheduled to begin later this month, but multiple late-stage vesting period adjustments have occurred previously. He alleged that insiders control the entire circulating supply and have executed extreme price manipulation on CEXs through market makers. Trading LAB is not encouraged under any circumstances.
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