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

Volatility Brief

LABNEW (LAB) rebounded from a low of $0.67025 to a high of $0.94138 in the past 24 hours, currently quoted at $0.94138, representing a 40.5% amplitude. Trading volume has surged significantly, reaching up to $24.46 million during certain periods, an increase compared to the previous day; on-chain data indicates signs of net capital inflow.

Analysis of Abnormal Movement Reasons

- Whale accumulation-driven: On-chain monitoring shows large buy orders appearing near the low, with new whale wallets emerging and net capital inflows. Combined with low liquidity, this has amplified price volatility.

- High trading volume support: 24-hour trading volume spiked to between $35.4 million and $65.65 million, with top addresses increasing their holdings and a net capital inflow of around $2.4 million.

Market Opinions and Outlook

Community sentiment is highly optimistic, with discussions on X focusing on new ATHs (1,700% increase) and sustained pumping, regarding it as a “gems” opportunity. Analysts point out a high concentration of whales (Nansen data), team holdings are locked with no selling pressure, but low liquidity poses risk of pullbacks; attention is on the potential catalyst of the LAB App release before May 3.