#labtokendrops94% ๐จ LAB Crashed 94%! Was This a Rug Pull or a Buying Opportunity? ๐
The information from the blockchain is making people ask a lot of questions.
๐ What Happened to the LAB Token?
The LAB token fell 94 percent going from $17.60 to around $1 and now trading below $1.
The price of the LAB token dropping was not the thing that made people worried, But the transfer to CEX .
๐ธ When a lot of LAB tokens are sent to exchanges when the price is falling it makes people think that the people who have a lot of LAB tokens might be getting ready to sell them.
๐ฅ The LAB Token Burn
To calm the market, the project burned 10 million LAB tokens (worth about $11.3 million).
The price briefly bounced around 25%...
The price of the LAB token went up a about 25%.
Here is the thing:
๐ The Number of People Trading the LAB Token Went Down
The number of people trading the LAB token fell by more than expected which means that not many people were interested in buying the LAB token even after the burn.
โ ๏ธ Another Thing to Worry About:
People are also talking about:
โ There are not people trading the LAB token.
โ Some people are trading the LAB token with themselves.
If this is true it can make it look like more people are trading the LAB token than they really are and it can be bad for people who are just starting to trade.
๐ก What Should People Who Trade the LAB Token Watch For?
โ
When people send LAB tokens to exchanges from their wallets.
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What is happening with the wallets that have LAB tokens.
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If people are really trading the LAB token or not.
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What the people, in charge of the LAB token are saying. If they are being honest.When the LAB token goes up a lot after it fell it does not always mean that it is going to keep going up.
What Do You Think About the LAB Token?
#Khan62 #crypto #altcoins #Onchain $LAB