$LAB Let's review the memecoin LAB:

The pump that happened early in the morning was actually a clear example of the typical "pump to trap shorts + sell at high levels" tactic.
Forcibly pushing up in a short period, first clearing out the shorts, then taking advantage of the high emotional state to distribute chips. On-chain data is also very straightforward; the proportion of coins held by the top ten addresses dropped from 99%-98% down to 89%, clearly indicating that large holders are continuously selling at high levels. Looking at the smart money data, currently the market's long positions are already far higher than the short positions.
The problem is—based on this manipulative trader’s tactics, will most people really make easy money? The more one-sided the bullish sentiment, the more cautious one should be about a reverse trap.
In one sentence: The current price still leans bearish; a rebound is an opportunity, take profits in stages, and don’t be greedy. #Gate广场五月交易分享