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🚨 $LAB HOLDERS ARE UNDER SERIOUS PRESSURE 🚨
The warning signs were visible from the start. 👀
Reports suggest that nearly 95% of the $LAB supply is held by the team, and blockchain investigator ZachXBT has publicly raised concerns about it.
When such a large portion of the supply is controlled by one group, price manipulation becomes much easier. 📉🐋
That appears to be one of the main reasons behind the sharp sell-off we’re seeing now.
In just five days, $LAB has fallen from almost $7 to nearly $3. 🔥
Even more concerning, trading volume has been declining steadily. That usually means buyer interest is fading while sellers continue to dominate.
In my view, the $3 level may not hold much longer.
If the weakness continues, the next potential support zone could be around $2.9 to $2.3. ⚠️
I’m currently holding a short position on $LABB, and the chart still looks strongly bearish.
Trade carefully and always pay attention to on-chain data. 👀