Update 2: LAB dumped 85% down to just under $2 from $14 ($14B FDV) in past 24 hrs. Disappointing to see how no action was taken by Binance, Bitget, & Gate earlier to prevent it.…

Original source excerpt

Update 2: LAB dumped 85% down to just under $2 from $14 ($14B FDV) in past 24 hrs. Disappointing to see how no action was taken by Binance, Bitget, & Gate earlier to prevent it. If CEXs cared profit…

Update 2: LAB dumped 85% down to just under $2 from $14 ($14B FDV) in past 24 hrs. Disappointing to see how no action was taken by Binance, Bitget, & Gate earlier to prevent it. If CEXs cared profits from the accounts manipulating price would be distributed to users at a minimum. Unlocks for investors were scheduled to begin later this month however multiple late vesting changes occurred in the past. Insiders have controlled the entire float which lead to extreme price manipulation on CEXs via MM. I do not encourage trading LAB under any circumstances.

Collected source wording; claims are attributed to the source and are not independently verified here.