LAB: Manipulation Pushes Token to $5.7B Market Cap
LAB hits $5.7B market cap amid ongoing CEX manipulation, with insiders controlling float ahead of unlocks at $14.29 price.
SourceAnalysis
LAB sustains coordinated market making on centralized exchanges, lifting the token to a $5.7B market cap and $14B fully diluted valuation at rank 22.
Insiders retain nearly all float through OTC allocations, private rounds and airdrops, with vesting schedules subject to repeated team revisions that have previously extended lockups. Top-tier listings and trending visibility continue to draw retail flows despite clear warnings on supply dynamics.
Price action on the 4h chart shows LAB trading at $14.29 above the upper Bollinger Band resistance at $13.44 while RSI(14) prints 82.77 in overbought territory and MACD maintains its golden cross; this confluence points to exhaustion at current levels, with a probable retracement toward the EMA50 support at $7.01 before any sustained continuation higher.
ZachXBT
@zachxbtZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space