LAB crypto crashed by more than 13% in the past 24 hours after suffering a technical rejection at the $0.15 level. This bearish move was amplified by extreme trading activity, with daily volume surging 335% to around $50 million and a volume-to-market cap ratio of 81%. KuCoin sold LAB tokens from its hot wallets, while the protocol’s daily revenue collapsed from $191K last September to approximately $6.2K. Long liquidations reached $513K versus only $44K for short positions, though the Long/Short ratio remains elevated at 3.50 on Binance and 10 on OKX, signaling that some bulls continue to buy the dip.
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