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Mr.Arshman

06/17 16:04

LAB token jumps 57% in a week as whales pile into

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$LAB has extended its rally to a sixth consecutive day, climbing about 57% over the past week as whale buying, technical momentum, and renewed interest in the project's ecosystem pushed the token back toward the $14 level. Data from CoinGecko showed $LAB trading near $13.91 on June 17, up nearly 40% over the past 24 hours and more than 57% over the previous seven days. The move comes after the token spent much of early June under pressure following a steep correction from its June 2 all-time high of $27.30. According to market commentator Alastar, whale wallets added roughly $540,000 in long positions within an hour as $LAB continued its advance. Data shared by the trader showed 129 whale long positions against 85 short positions, with total long exposure reaching $27.58 million compared with $10.58 million in short exposure. The same data showed a whale long-to-short ratio of 260.67%, while net whale buying volume during the previous hour stood near $490,000 against approximately $179,000 in net selling. Alastar described the $13 region as a key level to monitor, noting that larger holders could begin reducing positions around that area because many long positions were already sitting on substantial unrealised profits. Recent buying activity arrived after $LAB successfully defended support between $9 and $10, a zone that attracted dip buyers after weeks of selling pressure. Market participants also closed bearish positions as momentum indicators improved, helping fuel a rapid recovery from the June lows. Speculative interest around the project has also remained active. $LAB operates as a multi-chain AI trading terminal connecting Ethereum, Solana, and BNB Chain, while community discussions have focused on the rollout of its mobile application and ongoing work tied to prediction market features. Technical indicators con
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