LABNEW (LAB) 24-Hour Amplitude at 333.4%: Whale Accumulation and Surging Trading Volume Drive Extreme Volatility

Volatility Brief

In the past 24 hours, LABNEW (LAB) price rebounded sharply from a low of $0.68019 to a high of $2.94766 and is currently quoted at $2.89344, with a price fluctuation of up to 333.4%. The 24-hour trading volume surged to about $208 million, and the market cap is around $500 million, significantly expanding compared to the previous day.

Brief Analysis of Unusual Fluctuations

- Whale accumulation leads: On-chain monitoring shows an increase in holdings by whale addresses, with top addresses recording net buying, pushing the price to rally quickly from lows.

- Explosive growth in trading volume: 24-hour trading volume peaked at $35.4–65.65 million, with a total around $45.98 million. The number of transactions increased by over 600%, net capital inflow was about $2.4 million, and low liquidity DEX trading amplified the volatility effect.

- Slight increase in open interest: Open interest (OI) rose by 9%, supporting bullish signals.

Market Opinion and Outlook

The mainstream sentiment in the community is bullish. Bullish signals frequently appeared on X platform, with the price pumping more than 20% in 1 hour and trading volume increasing over 10 times at its peak. However, analysts warn that after a rapid surge, there may be a retest of the $0.72–0.73 demand zone. Caution is advised regarding bull and bear traps and liquidity sweeps. In the short term, if the $0.70 support holds, a further test of $0.84 is possible.