LABNEW (LAB) fluctuated by 363.0% in 24 hours: whale accumulation and surge in trading volume on low-liquidity DEX drive movement
Bitget Pulse2026/05/02 22:03Volatility Overview
In the past 24 hours, LABNEW (LAB) price skyrocketed from a low of $0.87612 to a high of $4.056, now trading at $3.43253, with a price fluctuation amplitude of 363.0%. The 24h trading volume reached $373 million, with a net capital inflow of about $2.4 million and open interest increased by 9%.
Brief Analysis of the Cause of the Move
- Net accumulation by whale addresses pushed the price to rebound over 300% from the $0.68 low. On-chain monitoring data show a surge in transaction count over 600%.
- Low liquidity DEX trading amplified the volatility, with price pumping over 20% within 1 hour and trading volume peaking 10 times, reaching a total of $208 million.
- Some “insider” wallets transferred to CEX, profiting $1.13 million, but there was no significant team dump overall, and exchanges are continuing to absorb.
Market View and Outlook
Community sentiment shows 82% bullish, with hot topics on platform X focusing on “flash pump +22%” and “BB squeeze” signals, regarding it as a leading meme/DeFi token. However, the overbought RSI (83.3) indicates short-term correction risk. Analysts are watching liquidity and liquidation events (total liquidation $6.39 million).
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference 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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