LABNEW fluctuates 49.6% in 24 hours: whale accumulation drives V-shaped rebound, combined with aftereffects of previous token airdrop

Volatility Overview

In the past 24 hours, LABNEW price rapidly rebounded from a low of $3.35092 to a high of $5.01184, currently trading at $3.99868, with an amplitude of 49.6%, showing a clear V-shaped rebound. Trading volume has significantly increased compared to previous periods, and on-chain data indicates signs of net capital inflow.

Brief Analysis of the Cause of the Unusual Movement

- Direct Whale Accumulation as the Driver: On-chain monitoring shows that whale addresses have been continuously buying in the past 24 hours, combined with high trading volume, directly driving the price to quickly rise from the lows.

- Lingering Effects of Previous 100M Token Distribution: Previously, about 100 million LAB (32% of circulating supply) were distributed via OTC at an 80% discount, with 50% immediately unlocked. This once pushed the price to an all-time high, subsequently causing a market correction. Lingering effects are still present.

Market Opinions and Outlook

Community sentiment is divided; some investors are optimistic about the short-term rebound momentum driven by sustained whale accumulation. However, analysts like ZachXBT have pointed out that the team controls 98% of the supply, suggesting a suspected pump-and-dump operation. This has triggered FUD, with some community members taking a wait-and-see or bearish stance, and they remind to pay attention to team actions and liquidity risks.