Deep Dive
1. ZachXBT Accuses Bitget in Fraud Scheme (18 May 2026)
Overview: Renowned investigator ZachXBT renewed his attack on crypto exchange Bitget, accusing it of enabling "sketchy active market makers" to run supply control fraud. The allegations specifically name LAB, RAVE, RIVER, and SIREN as victims. ZachXBT claims Bitget knowingly allowed manipulation, offering only empty promises of investigation. He posted a $10,000 bounty for evidence and labeled the operation a "Chinese CEX cartel," implicating Bitget founder Shawn Liu.
What this means: This is bearish for LAB because it directly challenges the integrity of its primary trading venue and amplifies fears of coordinated price manipulation. If proven, it could lead to regulatory scrutiny, exchange delistings, and a severe loss of investor trust, undermining any genuine utility.
(Bitcoin.com)
2. Insider Control Claims Rock LAB Token (16 May 2026)
Overview: ZachXBT's investigation claims LAB insiders likely control more than 95% of the token's circulating supply. The report details opaque private loans, OTC deals with deep discounts for influencers, and altered vesting terms that create hidden, unlockable supply. On-chain data showed 226 million LAB deposited to Bitget by insiders, with 100 million LAB ($482M) withdrawn just before the price surge in early May.
What this means: This is extremely bearish as it suggests the market is not organic but tightly controlled. Such concentration gives insiders overwhelming power to dump tokens on retail investors, making the token's multi-billion dollar valuation appear artificial and unsustainable.
(Bitcoinist)
3. Mobile App Launch Sparks Volatile Rebound (16 May 2026)
Overview: After crashing over 60% from its all-time high of $7.49, LAB's price rebounded to $4.72 within 48 hours of launching its mobile app on May 14. The app aims to provide a mobile-native gateway for multi-chain trading. The violent price action reflected a clash between profit-takers and new users entering the ecosystem, with the rebound indicating strong spot demand emerged after panic selling subsided.
What this means: This is a bullish counter-narrative, demonstrating tangible product growth and user adoption. However, the recovery remains fragile; LAB must break key resistance near $5.31 to confirm a stronger uptrend, otherwise, it risks retesting the $2.91 support level.
(CoinMarketCap)
Conclusion
LAB is caught between demonstrable product progress and severe allegations of insider control and exchange-enabled manipulation, making its price action highly speculative and sentiment-driven. Will major exchanges like Bitget and Binance take action on these claims, or will retail demand for the trading terminal outweigh the credibility crisis?