Bubblemaps: Signs of manipulation detected in LAB again, with a certain address's holdings soaring to 22 million tokens before the recent price surge.
Foresight News reported that the on-chain analysis platform Bubblemaps published another update on signs of LAB being manipulated. The post stated that on-chain detective ZachXBT had already publicly pointed out two weeks ago that LAB's supply is controlled by insiders and that CEXs allowed related market-making activities to continue. The token fell by 30%, and most people believed it was over. But that is not the case.
In the past two days, LAB's market cap surpassed 20 billion dollars, briefly entering the top 20 by market capitalization. Before LAB's price surged, address 0x1284 (Aster) saw its holdings jump sharply from 8 million to 22 million tokens, involving over 200 million dollars in funds. LAB is just one of many manipulated tokens; RAVE, SKYAI, and PIPPIN also show signs of manipulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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