LABNEW (LAB) fluctuates 24.6% in 24 hours: Whale accumulation and high trading volume drive rebound
Bitget Pulse2026/05/09 18:37Volatility Summary
In the past 24 hours, LABNEW (LAB) price rebounded from a low of $3.853 to a high of $4.800, currently quoted at $4.481, with a fluctuation amplitude of 24.6%. The 24-hour trading volume is around $63.43 million (CoinMarketCap data), significantly higher than the previous day, accompanied by signs of net capital inflow.
Analysis of the Causes for Abnormal Movements
- Whale accumulation dominates: On-chain monitoring shows large holders are continuously buying, and the low liquidity DEX environment has amplified the price rebound.
- Trading volume surge: 24-hour turnover soared above $50 million, but the liquidity pool has only about $280,000, with net capital inflow driving OI and the number of trades to rise simultaneously.
Market Opinions and Outlook
The mainstream sentiment in the community remains cautious, with high volatility seen as "casino-level" risk. Discussions on the X platform highlight concerns about whale control and manipulation. Only short-term scalping is advised, with support at around $2.20-$2.30; a breakdown may result in a retest of $1.60. Analysts advise against chasing the highs and caution about further liquidations.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, 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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