ZachXBT once again accuses the LAB project of market manipulation harming retail investors, with over 95% of tokens already controlled.

BlockBeats News, May 14 — On-chain investigator ZachXBT has published another lengthy post exposing the LAB project and its founder (@vsadkovv). LAB’s token has surged to a $6 billion FDV, but what’s behind the scenes is highly opaque. The team was founded by Vova Sadkov and Mark. Previously, their Eesee project left many investors dissatisfied. Current LAB circulating-supply data is chaotic; the official has not clearly disclosed a transparent token distribution. Investors and trading platforms overlap heavily. Most importantly: insiders likely control more than 95% of the tokens, and retail investors have no knowledge of the true circulation situation.

In addition, the LAB team unilaterally changed the public-sale lock-up period from 3 months to 9 months, while also defaulting on marketing payments. They provide special treatment to KOLs and major whales and require promotional posts. The founders mix project funds with personal accounts, with large amounts of money going directly into exchange recharge addresses. Insiders are able to dump tokens without retail investors knowing anything at all. On-chain data shows that insiders have recently withdrawn hundreds of millions of LAB from trading platforms, worth several hundred million dollars, and the tactics are similar to those used in several previously manipulated projects.

ZachXBT calls on trading platforms to conduct a thorough investigation and remove the related funds or freeze them. In addition, ZachXBT specifically states: this is not a short-selling recommendation. With such high supply control, shorting ends up becoming fuel.