On-Chain Detective ZachXBT's accusations of market manipulation against the LAB project continue to escalate, from a public bounty a week ago seeking to identify the founder and market-making evidence, to his latest statement last night, which directly triggered a flash crash of the token. The LAB team previously remained silent on the allegations, but their associated address transferred over $14 million worth of tokens the day after the bounty was issued, and the token price quickly rebounded afterward, demonstrating strong market control ability.

This sudden plunge resembles the pattern of last year's MANTRA (OM) collapse: multiple rounds of violent price surges, being regarded by the community as a "strong whale coin," followed by an instant crash under negative news, with the team quickly denying any connection. The difference is that LAB faces ongoing, publicly visible on-chain investigations from within the industry.
The most notable detail is the liquidation structure: during the 4-hour period, $3.58 million was liquidated, with nearly 80% of it being long positions. This suggests that before ZachXBT's accusations, market sentiment was deliberately maintained in an extremely bullish leveraged state, creating conditions for subsequent precise harvesting.
On May 15, according to market data, LAB plummeted over 50% within an hour, falling below $3, currently at $2.97. According to Coinglass data, $3.58 million was liquidated in 4 hours, with $2.85 million from long positions.
Last night, ZachXBT again accused the LAB project of market manipulation harming retail investors, with over 95% of tokens being controlled. $LAB
{future}(LABUSDT)