Prominent on-chain investigator ZachXBT has publicly accused LABtrade of operating with "zero transparency" concerning an alleged market manipulation agreement involving its native $LAB token. The serious allegations, made via a tweet, also claim that the project's founder is deleting old posts and ignoring direct messages. This public challenge from ZachXBT, known for his extensive investigations into cryptocurrency illicit activities, places significant scrutiny on LABtrade's operations and its commitment to transparency.
"@LABtrade_ How about the fact there’s zero transparency about the $LAB market manipulation agreement your team is running while your founder is currently deleting old posts & ignores my DMs?" ZachXBT stated in his tweet, directly addressing the platform.
LABtrade, launched in 2025 and built on the Solana blockchain, positions itself as a decentralized trading platform designed to enhance transparency and efficiency in digital asset markets. Its stated mission is to address issues like liquidity fragmentation and opaque pricing within the crypto sector, with the $LAB token serving as its utility token. The platform has reportedly raised $3.15 million in fundraising rounds and completed a Token Generation Event (TGE) in Q4 2025.
Despite its stated goals of transparency, LABtrade has not yet issued a public statement or response directly addressing ZachXBT's specific accusations of a "market manipulation agreement" or the alleged actions of its founder. This silence could potentially impact investor confidence and raise further questions about the project's governance. The CoinMarketCap AI has previously noted "serious allegations of market manipulation" casting a shadow over the $LAB token's legitimacy.
ZachXBT has a well-established reputation for uncovering fraudulent schemes and suspicious activities in the cryptocurrency space, often using meticulous on-chain analysis. His past investigations have targeted various projects and individuals for insider trading, pump-and-dump schemes, and other forms of market manipulation. The current allegations against LABtrade align with his history of exposing potential malpractices within the DeFi ecosystem.
The accusation of a "market manipulation agreement" suggests coordinated efforts to artificially influence the price of the $LAB token, which can lead to significant financial losses for retail investors. Such practices are widely condemned within the crypto community and often attract regulatory attention. The alleged deletion of past posts and unresponsiveness from the founder could be interpreted as attempts to evade accountability or conceal information. The cryptocurrency community will be closely monitoring for any official response from LABtrade or further evidence from ZachXBT regarding these serious claims.
