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$LAB BURNS 10M TOKENS WORTH $12M – PRICE PLUNGES 50% 🔥
A 10 million token burn valued at $12M was executed by the $LAB team early this morning. The price immediately responded with a near 50% drop — a move that screams liquidity grab or distribution depending on where the next structure break occurs. Volume spiked to 3x the 24H average at the time of the burn.
The real question is whether this sweep cleaned out weak longs or signaled intent to offload. What side are you watching for the next reaction?
Not financial advice. Always manage your risk.