LAB, which has been facing market manipulation allegations from the cryptocurrency community, has surpassed the $12 mark, rising to 12th place in market capitalization based on fully diluted valuation (FDV). Excluding stablecoins, it is the 10th largest in the world. Based on FDV, it has surpassed Zcash (ZEC) and USDS.

According to CoinGecko data, LAB is currently trading at $12.23, up 39.6% from the previous day, showing a strong bullish trend.

However, there are critical views within the industry regarding this price surge. Simon Dedic, founder of the crypto-focused venture capital firm Moonrock Capital, pointed out regarding LAB, "It seems no one is sanctioning it even though it is a ridiculously obvious scam." In particular, he strongly criticized the responsibility of the exchanges, stating, "What is even more disappointing is that major exchanges like Gate, KuCoin, and Bitget are also standing by and abetting such actions for short-term profits."