Empty👇🏻
$LAB has surged nearly 70% in a single day, hitting an all-time high, leaving many retail traders chasing longs stuck at the peak.
Deep dive into the news: Over 95% of the token's supply is controlled internally by the project team, with unclear circulation, making it a classic pump-and-dump air coin. The violent spike is essentially a strategy by the whales to lure in buyers. Looking at the liquidations, there’s a dense stack of long leverage positions piled up above the price, and the ultimate goal of the whales pushing the price up is to distribute tokens and harvest the chasing retail traders.
$LAB has surged nearly 70% in a single day, hitting an all-time high, leaving many retail traders chasing longs stuck at the peak.
Deep dive into the news: Over 95% of the token's supply is controlled internally by the project team, with unclear circulation, making it a classic pump-and-dump air coin. The violent spike is essentially a strategy by the whales to lure in buyers. Looking at the liquidations, there’s a dense stack of long leverage positions piled up above the price, and the ultimate goal of the whales pushing the price up is to distribute tokens and harvest the chasing retail traders.