#OilPriceRollerCoaster

ZachXBT Accuses CEX Manipulation Founder of LAB, Claims It Harms Retail Investors

On-chain investigator, ZachXBT, made serious allegations against the founder of the LAB project on Thursday (5/7). ZachXBT accused the founder of being involved in a market manipulation scheme on CEX that directly harms retail investors. According to him, this behavior is highly ironic because the founder often posts philosophical messages on social media while actively engaging in practices that damage industry credibility.
In his post, ZachXBT revealed that he had tried to contact the LAB founder privately via DM to give a warning, but the message was only read without a reply. These accusations are reinforced by suspicious activity findings from a wallet suspected to belong to an insider or market maker. The wallet was observed to have gained around $1.13 million after the LAB token price surged drastically, increasing tenfold from around $0.5 to $4.5 in less than a month.
This abnormal price spike raised strong suspicions of an organized pump and dump scheme. The pattern of positioning before the price soared and the massive sell-off right at the peak indicates market manipulation to extract profits from retail traders trapped at the top. If the LAB founder does not promptly provide clarification, the project's credibility is expected to plummet sharply as selling pressure from investors who are losing confidence increases.