$LAB
I already told you, Wave C is still going to play out.
Still holding https://t.co/Ei1lpmx1x6
$LAB
I already told you, Wave C is still going to play out.
Still holding https://t.co/Ei1lpmx1x6
$LAB – Is Wave C Still in Play?
Price experienced a sharp 76% collapse in a single H4 candle, followed by a strong 215% recovery across the subsequent three H4 candles.
This type of violent movement is not characteristic of organic supply demand dynamics. It’s classic market maker manipulation.
So, does Wave C remain valid for $LAB?
Bullish Structure Remains Intact:
- Price successfully pulled back to VAH and was strongly rejected higher.
- EMA and SMA clusters continue to act as dynamic support with upward bias.
- The overall parabolic uptrend structure is still preserved.
Currently, price is retesting the Golden Fib retracement zone.
A decisive flip and hold above this level would open the path for a New ATH.
However, rejection here followed by a break into the Pocket would likely invalidate the parabolic curve, signaling the endgame for this leg, imho.
Therefore, observe this critical zone carefully.
Piggy Bank, discloses LAB trade manipulation loss... compensation for affected users planned.
https://t.co/sWk3pVNUjO https://t.co/x7PmjbuW5x
Wu said he learned that the yield protocol PiggyBank released a LAB incident recap report stating that its previously established LAB basis trade was forced to liquidate due to a prolonged extreme negative funding rate, ultimately resulting in a loss of about $476,400 and causing a net asset value drawdown of about $578,900 on June 6. PiggyBank explained that the LAB spot price has been consistently higher than the perpetual contract price, causing the funding rate to reach an annualized -17,000%, making the short hedge cost untenable. The related locked LAB position is currently valued at about $1,000,000 at market price, but because it has not been unlocked and lacks hedging, it has not yet been counted in net assets, and it is planned to be gradually sold from August 14, 2026 to October 14, 2026. The project team also said it will gradually exit basis trading and funding rate arbitrage strategies, and plans to compensate affected users using future LAB sale proceeds and platform revenue. https://t.co/hJJZNYTfwS