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The "INSIDER SUPERCYCLE"
LAB went from around $0.01 to nearly $7 in an absolutely insane move.
The biggest reason appears to be its low circulating supply.
While the total supply is 1B tokens, only a fraction has been available for trading, creating a low liquidity environment where coordinated buying pressure initially created by team and CEX can send prices vertically.
That's pretty successfull trap to liquidate all shorts.
Basically a large money grab for them.
A large portion of the supply is still locked and scheduled to unlock over time.
LAB investors should be very careful, this could end up like RAVE something like that
Stay safe fam and have a great day 😊