A fresh wallet relentlessly accumulating from Bitget every single day for the past week is now sitting on top 11 $COLLECT holders. His current position:
If you look at the liquidity on $LAB , you can calculate that the total liquidity is only around $2–5M max. But the market cap is $10B, and people have liquidations of $50–100M can you imagine?
For example, if you have money and invest only $2M to pump this shit, then when you dump the coin, you can trigger $10–50M in liquidations. You can imagine the kind of pump-and-dump they are doing.
If you look carefully at the on-chain data, after the $9–$10 range the price started moving up aggressively, but there isn’t much real buying volume behind it.
So how is the price going up? It could be due to low liquidity, market makers, or intentional price movement. That’s why you should be careful.
As we’ve said before, this could be setting up for another pump. If that’s the case, a sharp dump could follow, and the price could even fall back toward $1.