LAB (LAB)

Saw a lot of Dudes saying @BriskcapitalXBT got unlucky as $LAB dumped from $27 to $6 after he closed his shorts trade with $4.2M loss. No, he wasn't unlucky. He was the TARGET! Let me explain to you how these crimes work: 👇🏼 I am sure you have seen a lot of tokens, absolute vaporwares, pump crazily in the past months; • $RAVE • $PIPPIN • $ARIA • $RIVER And other multitudes of tokens. These pumps are artificially engineered crime pumps orchestrated by a group of people/entities that are called market makers. These market makers include some CEXes, DEXes and trading groups (mostly Chinese/Asians) What’s their aim? trick people to either long or short the tokens and profit by wiping them out. How do they do this; - these MMs approach Teams that are yet to do TGE or post TGE (or get approached by these Teams) - eligibility criteria would be tokens where the Team controls a large amount of the tokens (typically 90-99% - $RAVE had 98% controlled by Team) and tokens with mostly perp & only few spot

THIS GUY CLOSED HIS $LAB SHORT AT -$4.2M LOSS… RIGHT BEFORE THE CRASH 👀 Brutal timing He closed his $LAB short with around -$4.2M loss after getting squeezed hard Funding was insane, price kept pushing, and the trade became too public Then right after he closed… $LAB finally crashed The market hunts liquidity, and he was clearly the target. If he kept holding that short, they could have pushed $LAB even higher just to force him out

let me give a proper explanation on how this shit works because seeing a lot of fake news when you see these insane candles happening on random tokens like LAB, RAVE, Momentum etc it’s because of a group of people do what is called “active market making” almost all of these “active market makers” are based in China/Asia. many claim to be able achieve results like RAVE and LAB but few can actually properly deliver typically these AMMs will either approach projects prior to launch or after launch (if certain conditions can be met). but scammy projects also look to approach them the deal is usually that the AMM will put up the capital needed to push the token to the insane highs you see, and in return for the project letting the AMM “crime” their token they split whatever the profits are once the crime is complete so how does the crime work and how do the people involve profit? the first thing you’ll notice is that all these tokens have perp listings (usually binance perps) but very few spot listin

since 2 may around $200M has been liquidated on $LAB perp trading (according to coinglass, so probably higher) also aster exchange ranks second in $LAB holdings behind bitget, which holds the majority of the supply they listed LAB on 14 may & since then around 2% of the supply has been deposited through their mms the lowest wick LAB printed on aster was $0.8 while the highest reached $88 (spot) since trader activity on aster isn't publicly visible like on hl, it's possible their mms might be using it to manipulate the price action

Alright, short lab:native 19.5, bought it already ae 🤪🤪 Anyone short it tonight? hahahaha