The reason for the LAB flash crash is that 90% of the chips are controlled by the manipulators; the market makers' behavior is too ugly?

LAB's price has been halved in the past 24 hours, dropping directly below $3 from a high point. On-chain detective ZachXBT revealed that over 95% of the tokens are held by the team, purely high-level market manipulation by the market makers, and there are even suspicions that they secretly sell low-priced tokens to KOLs to support the price. Now the community is full of criticism, everyone is worried about becoming the harvested chives in a closed-door exit.

Although bearish sentiment dominates, some large holders are still betting on a rebound at the $57.5 million contract high, gambling that it can recover lost ground. However, the fate of this market manipulation entirely depends on a few core addresses, with extremely opaque liquidity. As soon as the big players slightly offload, the price could plunge again at any time.

Right now, it’s a game played by the market maker alone, with all chips in their pocket, and the rise and fall entirely depend on their mood. Although it looks cheap after halving, this kind of manipulative trap is extremely deep, better not to enter and become the cushion at the end! $LAB ‌#Gate广场五月交易分享