The cryptocurrency LAB, which recently faced allegations of "market manipulation" within the crypto community, has shown a sharp upward trend, surpassing the $17 mark.

According to CoinMarketCap, LAB is trading at $17.49, representing a massive 80.96% increase over the past 24 hours and demonstrating strong momentum. Consequently, LAB's Fully Diluted Valuation (FDV) has exceeded $1.7 billion.

In terms of ranking, LAB has overtaken Dogecoin (DOGE) to claim the 8th spot in overall cryptocurrency FDV, recording a higher position than Stellar (XLM, 9th) and Cardano (ADA, 10th).

However, behind this explosive surge lie deep suspicions of market manipulation. Multiple cryptocurrency analysts have pointed out that market manipulation, led by market makers, is occurring with LAB, and that major exchanges are effectively turning a blind eye to it.