LABNEW (LAB) fluctuated 39.9% in 24 hours: whale accumulation and high trading volume drive rebound, with pump-dump concerns triggered by 100M token distribution

Volatility Overview

In the past 24 hours, the price of LABNEW (LAB) rebounded from a low of $4.777 to a high of $6.6818, currently trading at $5.946, with a fluctuation range of 39.9%. The 24-hour trading volume is around $74.19 million to $90.57 million, significantly amplifying volatility. On-chain data shows a notable net inflow of funds.

Brief Analysis of the Reason for the Unusual Movement

- Whale accumulation and net capital inflow: On-chain monitoring indicates continuous net buying by whale addresses, pushing the price to rebound from a low of $4.32, accompanied by significant net capital inflow.

- Trading volume surge: The 24-hour trading volume reached $55 million to $60 million. Low-liquidity DEXs (such as BSC PancakeSwap) have further amplified price swings.

- 100M token distribution: 10 new wallets withdrew approximately 100 million LAB tokens (worth $480 million, accounting for 32% of circulating supply) from Bitget, distributed OTC at an 80% discount with 50% instantly unlocked, causing the price to spike to an ATH of $6.63 before pulling back.

Market Perspectives and Outlook

Market sentiment is divided, with 45% of the community bearish; ZachXBT pointed out the team controls 98% of supply and is suspected of pump-dump operations, offering a $10,000 reward for information on the founders, triggering FUD that caused the market cap to evaporate by 42%. Whale long positions exceed $69 million, but derivatives funding rates are excessively high and long position liquidation risks are rising, so short-term volatility may persist.