Why Is LAB’s Price Down Today?

$LAB is facing notable selling pressure today, dropping 15.2% in the past 24 hours to trade at $0.1021, as extreme market activity weighs on price performance. Despite the decline, trading interest has surged dramatically, with 24-hour volume soaring 120.23% to nearly $1 billion. This level of activity typically signals aggressive selling or rapid position rotation rather than steady accumulation.

The token’s market cap has fallen to $23.53M, mirroring the price drop, while its unlocked market cap of $29.4M suggests a significant portion of tokens is already accessible to traders. Most striking is LAB’s exceptionally high volume-to-market-cap ratio of 4,287%, a clear indicator of intense market churn and short-term speculation.

LAB’s circulating supply stands at 230.4M tokens out of a 1B total supply, which may be raising concerns about supply dynamics and future unlocks. Although the project maintains a solid community of 22.62K holders, today’s move appears driven by profit-taking and heightened volatility.

In the short term, LAB may continue to experience sharp price swings until trading volume cools and buying confidence returns.

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