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Regarding today’s #LAB founder being accused of suspected CEX market manipulation!
Actually, I have quite a few feelings about this. The last time I was accused of market manipulation was with #RAVE, how come the counterfeit coin that quietly multiplied several times isn’t investigated, but coins that suddenly surge are scrutinized.
If you have free time, you might also want to check out those stagnant “king turtle” coins, what are the project teams doing😄
Additionally, the LAB team casually changes the lock-up terms, with internal unlocks only two months away, and then a massive sell-off pressure will come. It’s the same script as RAVE before, and the ending will be a collapse.
So, the current volatility is most likely slow liquidation and transfer, and it’s not recommended to buy the dip or hold long-term.