LABNEW (LAB) 24-Hour Volatility at 124.0%: Rebound Driven by Whale Accumulation Followed by Pullback, Manipulation Concerns Trigger Sell-Off
Bitget Pulse2026/05/15 16:02Volatility Overview
In the past 24 hours, LABNEW (LAB) price rebounded from a low of $2.88837 to a high of $6.47104, currently trading at $4.02118, with a price swing of up to 124.0%. 24-hour trading volume surged to $206 million - $238 million, indicating a net capital inflow.
Brief Analysis of the Cause of the Anomaly
- Whale accumulation drives rebound: On-chain monitoring shows several new wallets withdrawing about 30% of the circulating supply (approximately 100 million LAB, valued at over $500 million) from exchanges, with an average cost of around $4.90, directly triggering the price rebound from the bottom.
- Trading volume and net capital inflow amplify volatility: 24-hour trading volume reached the $55-90 million level, accompanied by obvious net capital inflow, further pushing prices higher.
- Team distribution and manipulation concerns lead to pullback: The team distributed 100 million LAB tokens to 10 wallets. Combined with on-chain analysis linking RIVER team to cross-project manipulation and a delisting warning from ZachXBT, the price plummeted over 50% intraday.
Market View and Outlook
The mainstream sentiment in the market and community remains cautious. Key concerns include pump-and-dump risks and potential delisting. Analysts highlight that high Binance open interest creates manipulation risks, and the price may see a 40-50% correction. It is advised to watch the subsequent movements of whales and overall liquidity.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational purposes 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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