LABNEW fluctuated 23.0% in 24 hours: Minor pullback after rebound driven by whale accumulation
Bitget Pulse2026/05/18 16:02Volatility Brief
Over the past 24 hours, LABNEW’s price surged rapidly from a low of $4.11299 to a high of $5.05714, then retraced to the current $4.79013, with an overall amplitude reaching 23.0%. During this period, trading volume expanded significantly, accompanied by clear signs of net capital inflow, resulting in improved market liquidity but maintaining high volatility.
Analysis of the Reasons for the Price Movement
- Whale accumulation as direct driver: On-chain monitoring indicates multiple large withdrawals to new wallets from exchanges, involving a significant share of circulating supply. The average cost is close to the current price level, directly triggering a rapid rebound from the lows.
- Net capital inflows and high trading volume on-chain: Over the past 24 hours, trading volume has stayed in a high range. On-chain data shows signs of net capital inflows, further amplifying price elasticity.
Market View and Outlook
The mainstream market sentiment is optimistic about a short-term rebound but remains alert to high volatility risks. Analysts point out that whale accumulation supports the rebound, but if higher levels cannot be sustained, a profit-taking pullback may occur. It is recommended to monitor subsequent large on-chain transfers and changes in trading volume to judge the trend’s sustainability.
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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