LABNEW (LAB) fluctuated 40.5% in 24 hours: Whale accumulation and high trading volume drive pullback after rebound

Volatility Brief

LABNEW (LAB) rebounded from a 24-hour low of $0.52662 to a high of $0.73993, currently trading at $0.52877, with a price swing of 40.5%. 24-hour trading volume has increased significantly, hitting $24.46 million during certain periods, up from previous days. On-chain data shows clear signs of net capital inflow, accompanied by high trading activity.

Analysis of Abnormal Movement Causes

- Whale Accumulation: Large buyers driven by whales were observed to push the rebound in the past 24 hours, and the low-liquidity nature amplified price volatility.

- High Trading Volume Driven: The surge in trading volume supported the rapid price increase from the lows, but there are no official announcements or major news events.

Market Opinions and Outlook

The market sentiment is optimistic; traders on X platform regard it as a typical low-liquidity token pump, predicting that if the $0.52 support holds, it could continue rising above $0.6. However, there are warnings of high pullback risks, with suggestions to wait for a retracement confirmation. Mainstream views emphasize that thin floating supply easily triggers secondary volatility, and in the short term, attention should be paid to whale movements.