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$LAB BlockBeats News, May 7th, on-chain investigator ZachXBT accused LAB project founder (@vsadkovv) of market manipulation on CEX, severely damaging retail investors' interests. ZachXBT cited on-chain evidence indicating that the founder's associated wallet deposited a large amount of LAB tokens into trading platforms in advance, followed by a price pump, which is a typical pump-and-dump operation, with the team actually controlling a large circulating supply.
ZachXBT said he privately contacted the founder in an attempt to communicate but was directly ignored.