This should be considered illegal.

$LAB increased 500% in 2 days, adding $260 million in market capitalization, and wiped out $26.6 million in short orders.
Then it crashed 84% in 8 hours, wiping out $250 million and liquidating $17 million in long orders.
Most of the supply is controlled by the development team.
Simple scenario:
• Keep the supply low
• Pump hard to trap shorts
• Liquidate them and push the price higher
• Trap longs at the top
• Sell off and short at the same time
Retail investors lose on both sides.