🧪 $LAB Crypto — Latest News
The latest LAB-related developments point to continued heavy volatility and selling pressure:
Token claim: LAB’s token claim for early supporters opened on August 14 at 01:00 UTC.
Price weakness: LAB was reported down more than 13% in 24 hours earlier this month, with $0.12 highlighted as a key level to defend.
Current price area: Historical KuCoin data showed LAB around $0.116 on Aug. 12, after falling from roughly $0.15–$0.17 earlier in August.
Major concern: Previous on-chain investigations alleged significant insider control and identified large token movements associated with entities linked to the project, adding to concerns about sell pressure.
Unlock pressure: A previously scheduled 282M LAB token unlock on Aug. 14 was identified as a potential source of additional supply pressure.
Bottom line: LAB remains a very high-risk, highly volatile setup. The key question now is whether buyers can reclaim important support after the August unlock/claim activity. ⚠️
#LAB
The latest LAB-related developments point to continued heavy volatility and selling pressure:
Token claim: LAB’s token claim for early supporters opened on August 14 at 01:00 UTC.
Price weakness: LAB was reported down more than 13% in 24 hours earlier this month, with $0.12 highlighted as a key level to defend.
Current price area: Historical KuCoin data showed LAB around $0.116 on Aug. 12, after falling from roughly $0.15–$0.17 earlier in August.
Major concern: Previous on-chain investigations alleged significant insider control and identified large token movements associated with entities linked to the project, adding to concerns about sell pressure.
Unlock pressure: A previously scheduled 282M LAB token unlock on Aug. 14 was identified as a potential source of additional supply pressure.
Bottom line: LAB remains a very high-risk, highly volatile setup. The key question now is whether buyers can reclaim important support after the August unlock/claim activity. ⚠️
#LAB