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🚨 $LAB IS GETTING ABSOLUTELY DESTROYED RIGHT NOW
Honestly, the warning signs were visible from the start 👀
Reports were already circulating that the team controls nearly 95% of the total $LAB supply, and even ZachXBT highlighted concerns about it publicly.
When a project has that much centralized control, price action can become very dangerous for retail holders 📉
$LAB already dropped from almost $7 to near $3 within days, and the market still looks extremely weak.
The bigger problem now is fading volume. Buyers are slowly disappearing while sell pressure keeps increasing.
In my opinion, if momentum stays this weak, the $3 level may not survive for long. The next area I’m watching is around $2.9 → $2.3 ⚠️
I’m personally still holding a short position on $LAB because the overall structure remains bearish.
Always pay attention to on-chain signals before blindly following hype.#TradfiTradingChallenge