LABNEW (LAB) sees 24-hour volatility of 34.8%: Whale accumulation and high trading volume drive rebound

Brief Overview of Volatility

In the past 24 hours, LABNEW (LAB) price rebounded from a low of $4.8022 to a high of $6.6818, currently quoted at $5.6565, with a volatility amplitude reaching 34.8%-39.9%. The 24-hour trading volume remained in the $74.19 million-$90.57 million range, and on-chain data showed a clear net capital inflow.

Brief Analysis of the Cause of Price Movements

- Whale accumulation and net inflow: On-chain monitoring indicates significant net capital inflow, driving the price rebound from the lows and amplifying trading volume volatility.

- High trading activity: 24-hour trading volume reached $55 million-$90 million, an increase compared to the previous day, accompanied by signs of whale buying.

(Note: On May 12, Bitget withdrew approximately $480 million LAB to a new wallet as recent background, but the focal point within 24 hours was mainly driven by the rebound.)

Market Perspectives and Outlook

Community sentiment is divided. Some traders view the current price as a support level after a 50% pump (around the blue trend line at $6.42), and expect further upside if trading volume breaks $1-1.5 billion. However, concerns about manipulation persist, such as internal control and signs of whale selling pressure, with analysts cautioning about a potential 60%+ retracement risk.