🚨 $LAB Flash Crash. What a bloodbath!
Parabolic run to ~$27 ATH, then a monster red wick straight to $5.75–$8 lows before recovering to ~$15.90.
~70% drawdown in one candle. $24M+ liqs. Classic liquidity sweep in a high-concentration token😨
🔸Background:
- LAB Terminal (multi-chain AI trading platform) had insane hype + buybacks.
- Heavy insider/whale control allegations floating around.
- Shorts got hunted hard (one big trader down millions on funding).
🔸Technical Analysis:
- Massive wick = stop hunt + cascading longs.
- Holding $14–16 for now. Reclaim $20+ = bullish continuation. Breakdown = more pain.
DYOR, manage risk.
LABUSDT
Perp
13
+38.83%