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.