A New Warning Issued for This Altcoin That Was Delisted! However, the Price is Rising Rapidly!

LAB, an altcoin that has faced manipulation allegations in the market since the beginning of May, continues its rapid rise.

At this point, LAB surpassed $15 despite allegations of price manipulation and ranked 12th according to FDV.

LAB, an altcoin facing price manipulation accusations from the crypto community, reached a price of $16. Furthermore, based on fully diluted market capitalization (FDV), it rose to 12th place globally, surpassing Zcash (ZEC) and USDS.

While LAB continues its rise despite manipulation allegations, Moonrock Capital founder Simon Dedic accused LAB of being an outright fraud.

Dedic claimed that LAB was “a ridiculously blatant scam” and operated with impunity.

Going even further, Dedic claimed that large exchanges like Gate.io, KuCoin, and Bitget were complicit in market manipulation for short-term gains, causing serious harm to investors’ interests.

“What’s even more disappointing is that major exchanges like Gate.io, KuCoin, and Bitget are also tolerating and supporting this behavior for short-term profit,” Dedic stated, emphasizing that exchanges assisting fraudulent projects harm the entire industry.

The expert argues that the LAB price chart clearly shows that dubious market makers artificially inflated its value to attract retail investors and drain their liquidity.

According to the data, at the time of writing, LAB continues to trade at $16.3, up 119% in the last 24 hours.

As you may recall, crypto detective ZachXBT also accused Bitget exchange manager Shawn Liu of manipulating the LAB price earlier this month, describing the LAB chart as a typical trap for individual investors. ZachXBT also called on cryptocurrency exchanges to delist the altcoin called LAB, which he claimed contained fraudulent content.

Related News: Crypto Detective ZachXBT Warns Again: "There's Major Manipulation in This Altcoin!" He Targets a Chinese Exchange!

*This is not investment advice.

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