Brothers, will
#LAB become the next
#rave ?
Yesterday we saw two waves of small-level liquidations:
First, around 5.3, we wiped out a wave of shorts, then we had a sideways grind during the day, and last night it shot up like a rocket to 7.77, basically killing off over 80% of the shorts!
Even that 3x guy is probably feeling the heat now,
Today's on-chain data is even crazier: the whale just pulled 100 million $LAB tokens from Bg onto the chain, making up over 30% of the circulating supply!
This move instantly reminded me of the #RAVE operation before the crash in April - first to lure in the longs and then boom, wipe out the shorts!
Will $LAB keep pushing hard? Or is it heading straight for a 95% free fall like $RAVE ?
Brothers, are we still bullish or are we bearish? Let's discuss in the comments!