LAB surpasses $12 amid price manipulation claims, ranks 12th by FDV

The price of LAB, a cryptocurrency facing accusations of price manipulation from the community, has surpassed $12. By fully diluted valuation (FDV), it has overtaken Zcash (ZEC) and USDS to rank 12th globally. Excluding stablecoins, this makes it the 10th largest project by market capitalization. Previously, Simon Dedic, founder of crypto venture capital firm Moonrock Capital, criticized the project, describing it as a laughably obvious scam that appears to be operating without any sanctions. He also expressed disappointment that major exchanges like Gate.io, KuCoin, and Bitget are tolerating and even enabling such activities for short-term profit. According to CoinGecko, LAB is currently trading at $12.23, up 39.6%.