Another project called out by ZachXBT.

The LAB token surged to a $6 billion FDV, but behind the scenes—

It’s opaque, token distribution hasn’t been disclosed, investors and trading platforms overlap heavily, and insiders control more than 95% of the tokens.

Every sentence is a red alert.

Let’s break down this team’s “achievements”:

First, they unilaterally change the lock-up period.

The public sale lock-up was changed from 3 months to 9 months. This is basically telling public sale participants: “Your coins—our decision.”

Second, they withhold marketing fees, give KOLs and whales special treatment, and require them to post to promote.

This is the rulebook version of “paid promotion”—they don’t pay you, but they give you “special treatment” (possibly allocations, token distribution, insider information), on the condition that you help me hype it.

Third, project funds and personal accounts are mixed together.

Vova Sadkov’s previous project was Eesee, which made many investors unhappy. Now with LAB, the funds go directly into the exchange’s top-up address.

Fourth, on-chain data shows insiders recently withdrew over 100 million LAB from the trading platform, worth hundreds of millions of dollars.

How is this any different from the manipulation playbooks of so many previous projects?

RAVE was to deposit funds to stage the show, then withdraw and pull up the price.

With LAB, insiders control 95% of the tokens and quietly withdraw them in preparation to dump.

What’s the difference?

At least with RAVE, retail investors still get a chance to “chase the rally.”

From the beginning, LAB’s circulating supply is fake, and the price is manipulated.

ZachXBT’s long post is basically a death sentence for LAB.

In crypto circles, being named by ZachXBT is more terrifying than being investigated by the SEC—because on-chain data is transparent, and ZachXBT’s interpretation is readable to retail investors.

$6 billion FDV, with 95% controlled by insiders.

That means: the real circulating market value is only $300 million, but the trading volume is running as if it were $6 billion.

Every person buying LAB is handing the bag to the insiders. #Gate广场五月交易分享 $LAB