Tem mais moedas fantasmas? Após um aumento de 5 vezes, o token LAB despenca 84%, o detetive on-chain ZachXBT revela o escândalo com uma denúncia bombástica

$LAB Recent intense volatility, with a 500% surge within days followed by an 84% crash, leading to many investors liquidating their positions. Renowned detective ZachXBT questions the team and market makers for market manipulation and is offering a reward for insider information.

LAB Short-term surge and crash, market witnesses "rollercoaster行情"

Recently, the crypto market has again experienced extreme volatility cases. Meme and AI concept tokens $LAB surged over 500% in just a few days, attracting many retail and short-term traders to chase the high, but then plummeted 84% in a very short time, triggering panic and massive liquidations.

According to on-chain data and market observations, after $LAB 's price experienced abnormal rise on centralized exchanges (CEX), trading volume rapidly increased, and community platforms began to flood with promotions of "next hundredfold coin" and "AI new narrative leader." However, near the peak, a large amount of tokens started to be sold off collectively, causing the price to crash instantly.

Image source: X/@zachxbt $LAB 's price experienced abnormal rise on centralized exchanges (CEX), and near the peak, a large amount of tokens started to be sold off collectively, causing the price to crash instantly.

This wave of intense volatility also quickly drew the attention of well-known on-chain detective ZachXBT. He publicly questioned the team behind $LAB and market makers for highly suspicious market manipulation behaviors, even offering a $10,000 reward for insider information. ZachXBT pointed out that $LAB 's price movements differ greatly from typical natural market trading, especially in terms of liquidity, order book depth, and address activity, showing clear signs of artificial manipulation.

ZachXBT points out team operation, questions exchange collusion to pump

According to ZachXBT's public statements, the issue with $LAB is not just a simple "meme coin crash," but more like a carefully orchestrated price manipulation event.

He believes that the abnormal price rise of $LAB on some centralized exchanges may involve internal market-making arrangements, low circulation control, and coordinated actions by the team or related addresses.

Especially during the price surge, large trading volumes concentrated on a few trading pairs and specific periods, which does not conform to natural retail trading characteristics. More controversy arises from the suspicion that some on-chain addresses pre-positioned before the surge and offloaded large amounts near the peak.

ZachXBT points out that this pattern is very similar to past cases of "insiders front-running and dumping on retail investors." He also criticizes that increasingly many small token projects in the market, by offering low circulating supply and listing on centralized exchanges, create "explosive rises" in a short time, attracting FOMO and then quickly dumping. After the news broke, $LAB 's price further came under pressure, and questions about project transparency and exchange review mechanisms quickly intensified.

Meme coin market enters "high control era," retail risks continue to grow

In recent years, the meme coin and AI concept token boom has reignited, but the market structure is also markedly different from 2021. Previously, meme coins relied more on natural community spread and retail on-chain promotion, but now many new tokens from issuance rely heavily on market makers, KOL promotion, and exchange liquidity arrangements from the start.

Some projects even deliberately suppress circulating supply, allowing small amounts of capital to quickly push up prices. While this model can generate astonishing gains in a short period, it also makes prices more susceptible to control by a few. Especially when market liquidity is insufficient, large holders selling off can cause sudden crashes of 30% or even over 80%.

Analysts point out that many meme coins are gradually shifting from "community cultural assets" to high-leverage, highly volatile short-term speculative tools. Many retail investors are not truly buying based on project fundamentals, but on the expectation of "the next myth of explosive growth."

The AI hype further amplifies this sentiment. As long as a project name is linked to popular keywords like AI, Agent, Data, even without actual products, it can quickly attract market funds chasing.

On-chain transparency does not equal fairness, market begins to re-examine regulatory issues

The $LAB incident also reflects that although the crypto market emphasizes on-chain transparency, transparency does not mean fairness. Even if all transaction records are publicly accessible, most retail investors still find it difficult to identify insider operations, related addresses, and market-making structures in real-time. Especially in environments mixing centralized exchange and on-chain liquidity, price formation processes are often more complex than perceived.

Some market participants believe that future regulators may start to intervene more actively in such events. Especially when tokens involve obvious price manipulation, insider trading, or false liquidity, they may increasingly be regarded as akin to illegal market manipulation in traditional securities markets.

On the other hand, some crypto communities support ZachXBT's continued exposure of related issues, believing that in the absence of mature regulation in the on-chain world, on-chain investigators and independent researchers are playing a role akin to "civilian financial police." For many retail investors, the wild swings of $LAB may serve as a reminder: in this market of high liquidity, attention, and emotional cycles, the most scarce asset may not be the next hundredfold coin, but the ability to identify risks.