LAB, which was trading near $15 on Binance until the 5th, is showing a sharp decline. Currently, on the Binance USDT perpetual futures market, LAB is trading around $4.3, down about 70% compared to 24 hours ago. The global cryptocurrency community has consistently raised suspicions of price manipulation related to LAB since last month. The founder of Moonrock Capital, a specialized crypto venture investment firm, previously stated, "LAB is such an obviously ridiculous scam, yet no one seems to be taking action." JackXBT, famous as an 'on-chain detective', also pointed out, "LAB is manipulating the market within major centralized exchanges (CEXs) through market makers, and I am disappointed that major exchanges continue to neglect this situation."
