LABNEW fluctuates 21.4% in 24 hours: Whale activity and high trading volume drive short-term rebound
Bitget Pulse2026/05/17 22:03Volatility Overview
In the past 24 hours, LABNEW's price rebounded from a low of $4.4559 to a high of $5.40741, currently quoted at $4.53158, with an amplitude of 21.4%. During this period, the price first declined and then rebounded, recovering approximately 21.4% from the low, but failed to hold at the high. Referring to recent similar volatility data, the 24-hour trading volume remained in the $74 million to $90 million range, with on-chain data showing signs of net capital inflow, amplifying price elasticity.
Brief Analysis of Abnormal Movements
- Whale activity and on-chain capital flows: On-chain monitoring indicated significant net capital inflows, combined with signs of new wallet accumulation after recent large token transfers, directly driving the price rebound from the low.
- High trading volume amplifying volatility: The 24-hour trading volume notably increased, accompanied by active leveraged trading, amplifying short-term price swings.
- Residual impact of recent events (as comparative background): Around May 11, the distribution event of 100M LAB (about 32% of circulating supply) being transferred from Bitget to newly created wallets triggered market concerns about selling pressure. However, no new large-scale sell-offs were observed in the past 24 hours, with the price rebound mainly driven by inflows.
Market Views and Outlook
The mainstream sentiment among the community and analysts is cautiously optimistic: Some believe that whale net inflows and increased trading volume indicate short-term support and room for further rebounds; however, risk warnings also point to concerns raised by investigations like ZachXBT, highlighting that insiders may control over 95% of circulating supply, which could intensify volatility or trigger corrections. Mainstream forecasts emphasize the need to monitor large on-chain transfers and leverage liquidation data to avoid buying at the peak.
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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