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$LAB Flash crashes are never accidents; they are scripted.
This morning's spike directly pierced the long positions.
The price dropped from $4.1 to $0.67, falling over 80% within 6 hours.
But this is not a sudden event; it’s a designed double kill by the market manipulators.
Out of the $39.39 million liquidated across the entire network, long positions lost $15.42 million, and short positions were also squeezed for $23.97 million.
Under high control, both sides are harvested; not a single one was spared.
On-chain evidence is irrefutable.
The insider address accumulated 575k tokens when the price was $0.2, and early this morning, it transferred all to exchanges and cashed out, precisely timing the top.
Even earlier, the team-related addresses had moved 43% of the circulating supply into exchanges, not in batches, but all at once.
After distribution, only the free fall remains once the buy orders are exhausted.
A defunct meme coin is worse than a useless gadget.
The drained liquidity pool makes even rebounds illusory.
The ultimate fate of highly controlled meme coins is really just so-so.
#Gate广场五月交易分享