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LABNEW (LAB) fluctuates 56.8% in 24 hours: driven by whale accumulation and high trading volume

LABNEW (LAB) fluctuates 56.8% in 24 hours: driven by whale accumulation and high trading volume

Bitget PulseBitget Pulse2026/04/13 00:40
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By:Bitget Pulse

Brief Volatility Overview

LABNEW (LAB) rebounded from a low of $0.419 to a high of $0.65681 in the past 24 hours, currently quoted at $0.54279, marking a price swing of 56.8%. The 24-hour trading volume is around $40.64 million, with a market cap of approximately $114 million, up 112% compared to the 7-day average market cap.

Analysis of Abnormal Movement Causes

- Whale accumulation: In the past 7 days, 1 new whale wallet was added (holding 253,000 tokens worth about $97,000, with a net inflow of 267,000 tokens); Vault wallets bought $1.39 million in a single day, with a net long position of $198,000; high-balance wallets and trading bots bought several million dollars unilaterally.

- High trading volume and net inflow: 24-hour trading volume reached $35.34 million, the total value held by the top 100 addresses increased from $208 million to $382 million, and the number of "smart money" holders grew from 1 to 3; there was a net capital inflow of $2.4 million, slightly higher than the $2.17 million in sell orders, pushing the price to break through resistance.

Market Viewpoints and Outlook

Mainstream market opinions focus on the whale-driven volatility under low liquidity conditions. Bitget Pulse reported that this is a typical high-volume breakout, but emphasized that trading volume far exceeding market cap can easily trigger sharp turbulence. Communities and analysts warn of low liquidity risks, and suggest that volatility may persist in the short term. It is recommended to monitor top address activities and capital flows.

Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.
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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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