$6 LAB, are you willing to take the risk?

Just as the candlestick chart refreshed, I flinched. Ten new wallets withdrew nearly $500 million worth of LAB from exchanges within 12 hours, accounting for over 32% of the total circulating supply — and that’s not someone else’s market manipulation, it’s them doing it themselves, at the $6.7 all-time high.

First, look at the surface: an 8,000% increase, a perfect bullish structure.

From December last year at $0.074 all the way to yesterday’s $6.7, a 922% surge in 30 days, with a volatility spike to 423% within 24 hours. It’s been topping the heat rankings for days, endorsed by AMBER Group and Selini Capital, with the narrative of “AI + DeFi full-chain trading terminal” igniting the entire market.

First thing: 10 new wallets, one night out with 32% of the circulating supply.

On May 12, Lookonchain monitored 10 brand-new wallets withdrawing exactly 100 million LAB from Bg within 12 hours, worth about $10k to $514 million, over 32% of the entire circulating supply. These addresses were created just three days ago, with consistent gas fee sources — indicating it’s very likely the same team or the same backer behind them.

Second thing: ZachXBT offers a $10k bounty, accusing “Pump-and-Dump.”

On May 7, on-chain investigator ZachXBT issued a major accusation: LAB team manipulated prices on exchanges, first privately warning via DM for responses, then ignoring the messages, and finally publicly calling out on X, offering $10k to gather founder identities and market maker insider info.

Third thing: technical warning signs are more frightening than data.

The daily bullish structure remains intact, with EMA200 firmly supported at $1.9, still looking like a “super bull market channel.” But on the 4-hour chart, the MACD has already crossed bearish, with a death cross at 0.34 and the histogram continuously enlarging, RSI dropping from overbought levels above 80 back to around 60. 24-hour trading volume has sharply declined, from a surge to a slowdown — momentum to chase the high is waning.

One side:

- 8,000% increase, 900%+ in 30 days

- Strong narrative of “AI + DeFi trading terminal,” with real product

- Top of the heat rankings, community FOMO at its peak

- Market makers entering, backed by institutions like AMBER

The other side:

- 32% of circulating supply withdrawn from exchanges overnight

- 98% controlled by the team, retail holders only 2%

- ZachXBT’s $10k bounty to track down founders

- On May 7, a 25% crash in one day, 42% market cap evaporated

Key support levels: $5.0–$5.5, which is the short-term battleground for bulls and bears.

Resistance above: $6.0 → $6.7 (ATH) → $7.5–$8.0

Support below: $5.0–$5.3 → $4.4–$4.5 (strong support) → $3.8–$3.9 (EMA50)

Short-term traders:

Aggressive: Break above 6.5 with volume and push through 6.7, aiming for 7.0–7.5, stop-loss at 5.8.
Conservative: Wait for a pullback to 5.3–5.6 before entering, targeting 6.7–7.0, stop-loss at 5.0.

Swing traders:

Don’t play it. Unless it drops to 4.0–4.5 and no large on-chain deposits back to exchanges appear, it’s not worth heavy positions. The core contradiction with LAB now isn’t “Will it go up,” but “If it does, can you take profits?”

Risk management:

For highly volatile assets, don’t allocate more than 5% of total funds in a single position. Using 3–5x leverage is okay, but stop-loss must be in place. No stop-loss, don’t trade this coin.

LAB right now is like PEPE in 2023 —

No one believes it’s real, everyone knows they’re playing with fire, but nobody can resist placing a bet. #Gate广场五月交易分享 $LAB $BTC $ETH