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Wu said that Evening Trader Group tweeted that LAB has increased by 600% since it was first marked, with a 24-hour trading volume of about one-fifth of its market cap; in a typical pump-and-dump cycle, trading volume usually approaches or exceeds market cap, indicating that LAB's effective circulating supply is significantly smaller than its nominal supply.
After excluding the actual non-tradable supply, the true circulating supply of LAB may be less than 30 million tokens, approximately $90 million.
Evening Trader Group stated that before the team and investors mainly unlock the supply and it actually enters circulation in June, LAB remains in a state of overvaluation, controlled circulating supply, and manipulated price movements.