LABNEW (LAB) fluctuates 21.7% in 24 hours: Whale accumulation and high trading volume drive rebound

Volatility Overview

In the past 24 hours, the price of LABNEW (LAB) rebounded from a low of $3.95469 to a high of $4.81431, currently quoted at $4.15975, with a price fluctuation amplitude of 21.7%. Trading volume has expanded significantly, reaching between $81 million and $180 million in 24 hours, with clear signs of net capital inflow, primarily driven by whale accumulation.

Brief Analysis of Abnormal Movement Causes

- Whale accumulation leads: In the past 24 hours, large whale buys pushed the price from a low of $3.84 to a high of $4.8143, with the effect amplified in a low-liquidity DEX environment.

- Trading volume surged: 24-hour trading volume soared to $81 million–$182 million, triggering speculative rebounds but accompanied by allegations of market manipulation.

Market Perspective and Outlook

The general sentiment in the community is cautious, with high volatility regarded as “gambling-level” risk. Discussions on X stress manipulation rumors and daily 60–80% swings, suggesting only short-term scalp trading; key support is at $2.20–$2.30, with a potential drop to $1.60 if it breaks. Analysts warn of continued extreme volatility due to low liquidity, with a short-term target of $3.00 but caution for possible pullbacks.