Bubblemaps urges exchanges to act on LAB price manipulation

On-chain analysis firm Bubblemaps has urged centralized exchanges (CEXs) to intervene against apparent price manipulation involving the LAB token. On its official X account, Bubblemaps described LAB as the latest in a series of manipulated tokens that includes RAVE, SKYAI, and PIPPIN. The firm criticized CEXs for remaining silent even when clear manipulation patterns are observed. Citing on-chain analyst ZachXBT, Bubblemaps noted that insiders allegedly control over 95% of LAB's supply. According to the firm, several wallets also moved 1.5% of the supply, valued at approximately $300 million, to Aster immediately before a price surge. Bubblemaps outlined several typical patterns of such tokens: - Inflows and outflows of tokens worth millions of dollars on CEXs - Abnormal on-chain movements preceding price fluctuations - Supply concentration in a small number of new wallets