$LAB was a risky play

LABโ€™s rally was heavily driven by derivatives:

Volume up ~7,500%

Open Interest up ~450%

That means: ๐Ÿ‘‰ The price wasnโ€™t spot-driven (real buyers)

๐Ÿ‘‰ It was leverage-driven (borrowed money)

There are already reports of suspicious wallets:

A wallet bought 575,000 LAB at ~$0.20

Sold into the pump for ~$1.13M profit