Key Notes
LAB token rallied over 200%, reaching a high of $0.2581 before consolidating near $0.2198.
Market cap surpassed $51 million, while trading volume jumped nearly 12%.
Technical indicators show strong bullish momentum but hint at short-term profit-taking.
LAB token has taken the crypto market by surprise, skyrocketing from a daily low of $0.08582 to a high of $0.2581, marking an impressive 200% rally within a short time frame.
At the time of writing, LAB trades around $0.2198, maintaining much of its explosive gains. The token’s trading volume has surged nearly 12%, while its market capitalization crossed $51 million.
The LAB rally follows a massive 21 million token buyback worth $2.35 million initiated by the project’s team. The team claimed that these buybacks are just a b