it’s genuinely insulting to humanity that they’ve skemmed this absolute joke to a $19 billion valuation
binance and the other asian cex’s make it genuinely impossible to create any reasonable market structure in crypto
incredibly sad and pathetic mockery of financial markets
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A few insiders reached out to me regarding this tweet:
1) The foundation has allegedly changed the $LAB vesting schedule before to keep the pump going. The next unlock is now reportedly pushed to August.
2) They’re making deals with CEXs, handing over large amounts of $LAB tokens so they let the scam run on their exchanges.
3) The market maker behind the $LAB pump is reportedly the same one involved in the massive Movement Labs $MOVE pump and dump.
4) The funniest part: investors are apparently not allowed to derisk through OTC desks because the team is currently negotiating with an OTC desk to sell its own tokens.
lol
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