$LAB This meme coin currently has a market cap of 2 billion with an FDV of 4 billion.
It's been consolidating around 4.8. Binance has an internal review mechanism, and tokens on the BSC chain typically have a peak liquidity market cap of 2-3 billion. You can refer to how
#coai peaked at 68$ on-chain.
The contract is only 24$.
Regardless of
#MYX #AIA #river #rave , it's tough to break through a 3 billion liquidity market cap because altcoins are ultimately just altcoins. These coins lack any tokenomics or real-world applications. Binance won't let market makers keep flipping them to pump the price.
Moving forward, I think lab might spike up to around 5.5-6, then the whales will open a ton of short positions above, turning the fees negative to lure retail investors into going long and providing liquidity, but then it will continue to bleed downwards, though this downtrend shouldn't last more than 48 hours.