LABNEW (LAB) 24-Hour Amplitude Reaches 104.6%: Whale Accumulation and Surging Trading Volume Drive Extreme Volatility
Bitget Pulse2026/05/02 02:56Volatility Overview
In the past 24 hours, the price of LABNEW (LAB) rebounded from a low of $0.67025 to a high of $1.37129, with the latest quote at $1.22261, reflecting a swing of 104.6%. The 24-hour trading volume surged to approximately $45.98 million, a significant increase from usual levels, supporting the price rebound.
Brief Analysis of the Cause of Abnormal Fluctuations
- Increase in whale addresses holdings: Top addresses recorded net buying, driving the price up rapidly from the lows.
- Trading volume explosion: 24-hour trading volume spiked to $35.4 million–$65.65 million, with the number of trades soaring over 600%. Open Interest (OI) marginally increased by 9%, further strengthening bullish momentum.
Market Views and Outlook
Mainstream sentiment within the community is leaning bullish, with long signals frequently appearing on platform X, such as price pumps exceeding 20% within an hour and trading volume surging more than 10 times. However, analysts warn that after such quick rallies, there might be a retest of the $0.73–$0.72 demand zone, cautioning against bull/bear traps and liquidity-sweeping risks. In the short term, if support at $0.70 holds, further probes above $0.84 are possible.
Note: This analysis is automatically generated by AI based on publicly available data and on-chain monitoring, and is for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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