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This crappy meme coin $LAB has a market cap of 4.2 billion yuan, equivalent to 29.4 billion RMB, and its trend is completely outrageous.
When it drops, no one dares to short, and when it pumps, no one dares to go long, relying entirely on the manipulative whales to buy and sell back and forth chaotically.
I just saw a long position directly reduce by 10 million again, truly can't figure out the tricks of the whales.
The market completely doesn't follow Bitcoin or Ethereum, forming its own bizarre trend, and retail investors have already been completely wiped out.
This coin is basically dead, I advise everyone not to touch it, anyone entering will be trapped and lose money, stay away from this scammy whale coin!