LABNEW (LAB) fluctuates 22.4% in 24 hours: Whale accumulation drives rebound followed by correction

Volatility Overview

In the past 24 hours, LABNEW (LAB) price quickly rebounded from a low of $4.23775 to a high of $5.18852, then retraced to the current $4.57115, with an overall amplitude of 22.4%. The 24-hour trading volume expanded significantly, accompanied by clear signs of net capital inflow. Market liquidity has increased but volatility remains high.

Brief Analysis of the Cause of the Move

- Whale accumulation drives rebound: On-chain monitoring shows multiple new wallets withdrawing funds from exchanges, involving about 30% of the circulating supply (approximately 100 million LAB), with an average cost near $4.9, directly pushing the price up rapidly from the bottom.

- High trading volume and capital inflow: 24-hour trading volume remains at a high level, demonstrating a surge in market participation, accompanied by net capital inflow.

- Emergence of pullback pressure: After the rebound, some profit-taking and manipulation concerns triggered selling pressure, resulting in a price retracement from the high.

Market View and Outlook

The mainstream sentiment among the community and analysts is cautiously optimistic, believing whale accumulation provides short-term support, but noting the manipulation risk associated with high volatility. It is recommended to monitor large on-chain transfers and net outflows from exchanges. Some opinions point out that the expansion of multi-chain trading terminal ecosystems (such as Monad integration) may provide long-term support, but warn of short-term profit-taking pressure.