Bubblemaps: Signs of manipulation detected in LAB again, with a certain address's holdings soaring to 22 million tokens before the recent price surge.
Foresight News reported that the on-chain analysis platform Bubblemaps published another update on signs of LAB being manipulated. The post stated that on-chain detective ZachXBT had already publicly pointed out two weeks ago that LAB's supply is controlled by insiders and that CEXs allowed related market-making activities to continue. The token fell by 30%, and most people believed it was over. But that is not the case.
In the past two days, LAB's market cap surpassed 20 billion dollars, briefly entering the top 20 by market capitalization. Before LAB's price surged, address 0x1284 (Aster) saw its holdings jump sharply from 8 million to 22 million tokens, involving over 200 million dollars in funds. LAB is just one of many manipulated tokens; RAVE, SKYAI, and PIPPIN also show signs of manipulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackBerry Trims Secure Communications Forecast as Precaution -- Market Talk
IRLAB names Janne Backman board chair, replacing Carola Lemne
McDonald's US Same-Store Sales May Remain Under Pressure, RBC Says
Saudi Arabia’s oil shipments to Asia surged to nearly 100 million barrels, with Aramco proactively covering transportation and delivering directly to China, India, and Japan-South Korea: Supply shortage expectations meet the reality of correction.
According to reports, since the middle of last week, Saudi Arabia has sold approximately 100 million barrels of crude oil to China, India, Japan, and South Korea, with delivery periods covering October and November. At the same time, Saudi Aramco has made a rare commitment in these transactions to handle logistics and transportation, delivering the crude oil directly to Asian customers. Previously, due to soaring oil prices, Asian refineries had been considering reducing operating rates. This large-scale supply has to some extent mitigated the supply risks faced by Asia.
Crypto prices
More
