$LAB Ochain ⛔️ BullTrap hay BearTrap?
What we’re seeing with $LAB is very different from most other tokens. In many projects, on-chain data clearly shows that large holders sell from off-exchange wallets before the price drops. But with $LAB, we have not seen any major sell-off on-chain. Even on exchanges, there haven’t been many large sell orders—only buys, but they can still be seen.
However, the price is still down by about 95%. In my view, the selling may be happening inside exchanges, not from external wallets. They may have used automated bots to carry out thousands of small orders at the same time, making it extremely difficult to identify who is selling. As a result, the dumping is not clearly visible in the on-chain data.
As I mentioned earlier, this project appears to have a strong link to the industry and is supported by several big companies. BinanceLabs, OKX Ventures, and some other well-known investors and exchanges are among the companies involved with $LAB
What we’re seeing with $LAB is very different from most other tokens. In many projects, on-chain data clearly shows that large holders sell from off-exchange wallets before the price drops. But with $LAB, we have not seen any major sell-off on-chain. Even on exchanges, there haven’t been many large sell orders—only buys, but they can still be seen.
However, the price is still down by about 95%. In my view, the selling may be happening inside exchanges, not from external wallets. They may have used automated bots to carry out thousands of small orders at the same time, making it extremely difficult to identify who is selling. As a result, the dumping is not clearly visible in the on-chain data.
As I mentioned earlier, this project appears to have a strong link to the industry and is supported by several big companies. BinanceLabs, OKX Ventures, and some other well-known investors and exchanges are among the companies involved with $LAB