LABNEW (LAB) fluctuates 20.7% in 24 hours: Whale accumulation and high trading volume drive rebound
Bitget Pulse2026/05/10 22:03Volatility Overview
In the past 24 hours, LABNEW (LAB) price rebounded from a low of $4.46 to a high of $5.3809, currently quoted around $4.76, with an amplitude of 20.7%. The 24-hour trading volume is approximately $55 million to $60 million, slightly down from the previous day but still active.
Analysis of Abnormal Movements
- Whale accumulation continues to push price rebound: On-chain monitoring shows whales have been actively buying in the past 24 hours, and combined with high trading volume, this has directly driven the rebound from the low of $4.32 to the high of $5.38.
- The overall increase exceeds 11%, and data from trading platforms show clear signs of net capital inflow, with an ATH of $5.19.
Market Views and Outlook
Market sentiment is divided. Community discussions focus mainly on manipulation risks and low circulating supply (with the team holding over 90%), warning retail investors to avoid the "liquidation hunt" trap. Although analysts such as ZachXBT have exposed team wallets, 98% of whale long positions remain profitable. Some traders are optimistic for a rebound to $6-$7, but emphasize that if support at $4.43 is lost, there could be a further 50% drop.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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