LAB surges past $17 to 8th in FDV rankings amid manipulation claims

The price of LAB, a token facing allegations of price manipulation from the crypto community, has surpassed $17. Its fully diluted valuation (FDV) has exceeded $17 billion, overtaking Dogecoin (DOGE). This places it eighth in overall cryptocurrency FDV rankings, ahead of Stellar (XLM) in ninth and Cardano (ADA) in 10th. Multiple analysts have pointed out that LAB is experiencing market maker-led manipulation and that exchanges are effectively turning a blind eye. According to CoinMarketCap, LAB is trading at $17.49, up 80.96% over the past 24 hours.