LABNEW (LAB) 24-Hour Volatility at 50.8%: Whale Accumulation Drives High Trading Volume Rebound Amid Large Supply Transfer Risk

Volatility Overview

In the past 24 hours, the price of LABNEW (LAB) rebounded from a low of $4.35249 to a high of $6.56148, currently quoted at $5.82146, with a price fluctuation range of 50.8%. The 24-hour trading volume stayed within the $55 million to $60 million range, with on-chain data showing a clear sign of net capital inflow.

Analysis of Abnormal Movements

- Continued accumulation by whale addresses: On-chain monitoring indicates that large buyers drove the price rebound from the lows, accompanied by increased trading volume.

- Recent large transfers: On May 12, approximately 100 million LAB (accounting for 32% of circulating supply) were transferred from Bitget exchange to 10 newly created wallets, valued at around $480 million. This move directly triggered a pullback in price from the May 11 ATH of $6.66.

Market Views and Outlook

Market sentiment is relatively cautious. On-chain analysts interpret the recent transfers as distribution rather than accumulation; mainstream opinions warn about potential selling pressure, and technical analysis predicts a downside target at the $2.54 support level. The community is closely watching whale activity, and short-term rebound momentum may be weakened by supply unlocks.