LABNEW (LAB) fluctuated 39.9% in 24 hours: whale accumulation and high trading volume drive rebound, with pump-dump concerns triggered by 100M token distribution
Bitget Pulse2026/05/13 22:04Volatility Overview
In the past 24 hours, the price of LABNEW (LAB) rebounded from a low of $4.777 to a high of $6.6818, currently trading at $5.946, with a fluctuation range of 39.9%. The 24-hour trading volume is around $74.19 million to $90.57 million, significantly amplifying volatility. On-chain data shows a notable net inflow of funds.
Brief Analysis of the Reason for the Unusual Movement
- Whale accumulation and net capital inflow: On-chain monitoring indicates continuous net buying by whale addresses, pushing the price to rebound from a low of $4.32, accompanied by significant net capital inflow.
- Trading volume surge: The 24-hour trading volume reached $55 million to $60 million. Low-liquidity DEXs (such as BSC PancakeSwap) have further amplified price swings.
- 100M token distribution: 10 new wallets withdrew approximately 100 million LAB tokens (worth $480 million, accounting for 32% of circulating supply) from Bitget, distributed OTC at an 80% discount with 50% instantly unlocked, causing the price to spike to an ATH of $6.63 before pulling back.
Market Perspectives and Outlook
Market sentiment is divided, with 45% of the community bearish; ZachXBT pointed out the team controls 98% of supply and is suspected of pump-dump operations, offering a $10,000 reward for information on the founders, triggering FUD that caused the market cap to evaporate by 42%. Whale long positions exceed $69 million, but derivatives funding rates are excessively high and long position liquidation risks are rising, so short-term volatility may persist.
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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