#lab 🚨 $LAB Major On-Chain Developments: 45% of the Total Supply Moved Within 24 Hours! Over the past 24 hours, $LAB has seen a large-scale transfer of tokens. Key points are as follows: Massive Transfer: The project’s 4 multisig wallets transferred 453 million LAB tokens to distribution wallets. Of these, 404 million were moved via automated scripts to 37 brand-new wallets (the distribution wallets still retain 48.8 million). Batch Distribution: Multiple groups of unassociated addresses received precise amounts (e.g., 8 addresses each received ~2.18 million, and 6 addresses each received ~17.29 million). No Selling: These 37 wallets were all new addresses beforehand; currently, they have zero outflow, with no inflows to any CEX or DEX. 📌 Why is this extremely critical? LAB’s current circulating supply is only about 320 million tokens, and this batch of deposited tokens exceeds the entire circulating supply! The token price is down 99.5% versus its ATH; once this tranche of funds is activated, it could cause a severe market shock. 👀 Follow-up tracking: Real-time monitoring has been enabled for these 37 addresses. Any movement of funds will be reported with an update immediately! $LAB
We are currently in a bear market. The current rebound is only temporary, aimed at accumulating liquidity for further declines. My ultimate bear market target price remains below $50,000, specifically in the $40,000 range. That will be the point where I establish my largest position. Before that, the short positions I established in the $115,000 to $125,000 range will remain fully open. I will not use leverage to go long, but I will buy spot in the $57,000 to $60,000 range while keeping the short positions open.