🔴✨$LAB

Another sharp drop made people ask again: “Is this finally the end?” But price recovered quickly. After reacting from the 3.5 area, it climbed back above 4.0.

On-chain activity still doesn’t show anything extreme. We occasionally see cold wallet outflows, but nothing major yet. Previously, we saw Bitget-related tokens distributed to side wallets. There’s still no movement there, and I’m closely monitoring all of them.

About an hour before the drop, 1.1M $LAB (~$5.1M) was transferred to a Gateio cold wallet, but I no longer see that as a positive signal.

For me, the real issue is how the large amount of tokens distributed from Bitget will eventually be used.

Since this is a scam-style token, technical analysis may not be very reliable, but still worth mentioning:

If price loses the current area again, there’s a liquidity cluster around 2.30 on the heatmap.