$LAB is a project that is currently trading at a $4 Billion dollar market cap, with potentially up to “95% of supply owned by insiders” according to ZachXBT.
It is up 3000% in the last 3 months. But why? We found a single entity likely controls 90%+ of their tokens. $LAB
In 2010, Gavin Andresen built the original Bitcoin Faucet. It gave away 5 BTC at a time, distributing 19.7k BTC in total, helping bootstrap Bitcoin’s early holders.
This guy from India stole $20 MILLION in crypto just by buying a website
Chirag Tomar was a 31 year old in India who registered CoinbasePro Com and built a clone of the real Coinbase Pro login page that matched the original pixel for pixel
He pushed the fake site to the top of Google search results through SEO manipulation, so anyone searching "Coinbase Pro" landed on his page first
Victims who clicked through typed their email and password, hit the two factor button and watched a fake loading screen
While the fake screen was up, his crew logged into the real Coinbase site with the credentials and the live code and emptied the wallet in seconds
Sometimes a victim would call "support" through a number on the spoofed page and one of his crew would walk them through entering even more security codes
The scheme ran for two and a half years and hit 542 users worldwide
Tomar kept a detailed spreadsheet of every victim and exactly how much he stole from each one
He spent the money on Audemars Piguet watches, multiple Lamborghinis and Porsches plus trips to Dubai and Thailand
The trips ended in December 2023 when he flew into Atlanta on vacation and the Secret Service was waiting at the gate
They caught him because he used the same email for his crew and his US tourist visa application
His Google search history at the time included "fake coinbase page" and "how to take money from coinbase without OTP"
He pleaded guilty and got 60 months in federal prison plus two years of supervised release
India's enforcement directorate later seized over $7 million across 27 properties in Delhi held in his name and his family's
The same guy smart enough to manipulate Google's algorithm for two and a half years was dumb enough to Google "how to take money from coinbase without OTP" from the same browser he used to apply for his US visa
The same founders launched $ESE just one year earlier, and that chart speaks for itself. Abandoning your project that quickly just to launch the next value extraction cycle is not necessarily what I’d consider founder behavior worth betting on.
I was stupid enough to write an angel ticket into that previous project, and even there investors got screwed over: vesting terms were changed right before TGE, and there were last-minute refunds so they could maximize the low-float high-FDV ponzi playbook.
I have zero doubts that $LAB is a giga scam in the making. Hope at least a few people read this and take profit before it’s too late and they massively get burnt.
The HyperUnit whale, who formerly held $10B of $BTC and $ETH , has just deposited the last of his ETH to Binance. He now only has $750M of BTC remaining on-chain.
I have some new news about $LAB . 98% of tokens are held by 8 to 9 wallets which are held by its own team. That’s why the price is very volatile and moving upwards.
The rest of 2% are owned by me and you.
So in my analysis, it’s going to crash hard because Lab teams’ manipulation is now leaking.
Currently, my $LAB trade is down $3,200, but I still believe this will crash hard.
When a few wallets control the game, the price can stay irrational longer, but these setups usually end brutally.
My friend turned just $13 into over $9,000 on $RAVE — an insane nearly 70,000% return 🤯🤯🤯
Futures make small accounts feel powerful, and that’s the danger. You deposit $200, use 20x leverage, suddenly control $4,000, and your brain starts thinking you’re bigger than you are.