Lucas Ejarque

(Si quieren que lo suba en español me lo dicen en los comentarios$)
1/ An investigation into the opaque private loans/OTC, unilateral vesting changes, market maker coordination, unknown float, and >95% supply control behind $LAB 's recent pump to $6B FDV.
Here's why @LABtrade_ represents everything wrong with the current meta of retail extraction on major centralized exchanges.
2/ LAB was founded by Vova Sadkov & Mark as a trading platform and TGE'd in Oct 2025. Their prior project Eesee ($ESE) left investors feeling abandoned after the team moved on.
There's no clear LAB token distribution available. Coingecko, RootData, & CMC all report different floats, and the LAB docs themselves provide zero details on the breakdown.
Backers include Lemniscap, OKX, Animoca, GSR, Gate, Kucoin, Mirana, & Amber. Several are also the exchanges where the token trades.
Based on my analysis of onchain activity, insiders likely control >95% of supply currently.
3/ LAB team unilaterally changed Legion public sale terms from 3-month cliff to 9-month cliff as shown in an email screenshot from a Legion user.
Other creators have publicly reported waiting months for marketing campaign payouts without further clarification from the team.
4/ One of several loan contracts offered privately: 7.5%/month for 6 months. Borrower is a BVI shell, The Lab Management Ltd., signed by Vladimir (Vova) Sadkov as director.
On default, repayment is in LAB (the native token) at "market price".
Borrower address: 0xf09C19328C26088053a8c9CfB982427bafF2Bd0b
Note: It's a draft contract from Q1 2026, but an unnamed source confirmed interest payments were made under similar terms.
5/ The borrower wallet from the LAB loan contract (0xf09c) is the same wallet used for public LAB buybacks. It's also tied onchain to 0x3185, a borrower address from a separate loan on Wildcat.
Funds directly related to LAB have flowed to Vova's alleged personal exchange accounts. The same accounts received deposits tied to Eesee before LAB existed, linked to his ENS and NFT holdings.
It's strange to see personal and business funds commingling like this.
Bybit deposit address
0x2f7fd9678bd7d89da6a4ffd7d612d919ea813e30
Gate deposit address
0x3b5341b94dee91ec1a84470463a411c0ab5ed70c
6/ Various OTC & loan deals have been offered since January 2026.
Mark (co-founder) openly solicited OTC buyers in a public Telegram group.
Other individuals received a menu over WhatsApp: loans at 5%/month, OTC at 60% discount with 5-month cliff, guaranteed discount OTC at 25% recalculated monthly, and a 20% guaranteed discount tranche.
Most recent: KOL Capital pitch at 80% discount, 50% unlocking Aug 14, 50% on Sep 15. Terms required KOLs to post multiple times in support before unlock or be blacklisted.
These create hidden supply unlocks retail cannot see. As price has gone up, the OTC discounts have widened.
7/ One of the signers for several LAB team multisigs was funded by an insider linked onchain to RIVER manipulation. The same insider received $12M+ of RIVER tokens to two CEX deposit addresses.
Signer address: 0xcEA722a1A812EbDFA5BBD8130531cF1D1956eBC9
8/ 226M LAB (large % of float) was deposited to Bitget deposit addresses by insiders in March-April 2026. The deposits sat dormant until 100M LAB was withdrawn a few days ago, which received significant coverage on CT.
An unknown MM operating via Chinese exchanges likely received supply and appears to be running a similar playbook to RIVER, RAVE, SIREN, MYX, SKYAI, etc.
Majority of spot activity seems to originate on Bitget for these manipulated CEX tokens. Binance perps/Alpha and Gate are also used by these entities.
From May 11-12, nearly 100M LAB ($482M) was withdrawn from Bitget to ten addresses:
0x2d81ef9a8c46596d333c1294ae2aaccf61593e5a
0xef80a2b120925c3aa794c6dcfd999fdecbfec01e
0x7db446e489b08f3f33354fc233e0022bc59c4032
0xf05ced86edc1857c977b70728f3c330e9e89b151
0x82fc0bc04c4326b679bf9dbdc60d653062bea31a
0x093eb813f3c7082cd816bbb393ae399586a99335
0x0d95e8d26dd5ca98026970d20c05235a324751d0
0xbcf0771e983af09a67f10812fb336731e4c5d688
0x10e8163d1ef9098e942dbf2d1ff2127a4abf33b9
0x7c62af1a36a24765043cfde72c85bc1203d807b7
Bitget deposit addresses
46M LAB
0x6593aa6c31c88397c37f71259625ec92fe4ee0bf
50M LAB
0xdd77bfbdc11cd37fd255ae35a4ac39df1f9d570a
60M LAB
0xe39f91a0daffc5547ada79a09be30b8556f7dfba
40M LAB
0x77156a0a621d2ac7a075c0ac3172707c2e4aa191
30M LAB
0xd425c56f2eb64646fde7f3c53d7584e60e62fc94
Across LAB since TGE, there have been only a handful of non-insider transfers >$150K. This supports my >95% insider control estimate from earlier.
9/ It seems everyone has private info except retail. Team knows the unlocks, MM knows the positioning, OTC buyers know their cliffs. Retail only sees LAB price.
Call to action for @bitgetglobal, @binance, @gate_io to freeze insider profits and redistribute them to users. Or delist and act earlier without waiting for public pressure.
I put out a $10K bounty for intel earlier and have paid $1.5K so far out of my own pocket.
Note: This is NOT a recommendation to short. With this much supply control, shorts potentially give insiders more fuel to manipulate the price higher.
Last time I posted critique like this, 10+ Chinese KOLs replied with the same script: either paid, have allocation, or airdrop. I expect the same here.