LAB Token Faces Sharp Selloff as Binance Alpha Launches Second Wave Airdrop
The LAB token plunged sharply on Monday following Binance Alpha's launch of its second airdrop wave, triggering a classic 'sell-the-news' event. The token's price briefly corrected over 10% before a partial recovery, as traders weighed the immediate selling pressure from airdrop recipients against the long-term distribution benefits of the program.
Binance Alpha Opens Second Wave of Lab Airdrop Rewards
Binance Alpha confirmed that the next round of Lab Airdrop rewards is now available. Users who hold at least 241 Binance Alpha Points can claim 207 LAB tokens. Distribution follows a first-come, first-served system.
Source: X (formerly Twitter)
If all rewards are not claimed, the eligibility requirement gradually becomes easier. The score threshold automatically drops by five points every five minutes, allowing more users to participate.
Claiming the reward comes with a condition. Participants must spend 15 Binance Alpha Points to secure the airdrop. After confirming eligibility, users must complete the claim through the Alpha Events page within 24 hours. If they fail to confirm during that window, the system considers the reward abandoned.
This mechanism aims to keep the process fair while encouraging fast participation among active users.
Price Reaction Shows Flash Drop
Following the announcement, the lab token price displayed strong volatility on the charts. Earlier trading showed a slow decline from roughly $0.147 toward the $0.144–$0.145 range, forming lower highs.
During the final hour of activity, a sudden liquidity event pushed the value sharply down. The price briefly fell from about $0.144 to nearly $0.138, creating a quick flash drop. Such moves often appear when large sell orders hit the market or when stop-loss orders trigger automatically.
Source: CoinMarketCap Chart
Buyers stepped in soon after. The market quickly bounced back toward $0.147, forming a V-shaped recovery before stabilizing around $0.142.
The latest 24-hour candle reflects the turbulence. Market data shows open at $0.1479, high at $0.1491, low at $0.1379, and close near $0.1423, confirming selling pressure after the airdrop news.
Technical indicators also point to cautious sentiment. The RSI near 46.9 signals mild bearish momentum, while the MACD shows a negative crossover, suggesting sellers still dominate short-term movement.
Key Support and Resistance Traders Are Watching
Support formed near $0.138–$0.140, where buyers previously defended the market during the sharp drop. If selling pressure returns and breaks that zone, analysts see a possible move toward $0.132–$0.135.
On the upside, recovery faces resistance around $0.147–$0.150, while $0.155 marks a stronger rejection level seen earlier.
For the next 24–48 hours, the most likely scenario remains consolidation between $0.138 and $0.148 as the market absorbs selling from newly distributed tokens.
Conclusion
The latest Lab token Airdrop has expanded token distribution while also triggering short-term market swings. Binance Alpha’s reward system attracted user attention, yet immediate selling pressure created volatility. With support holding near $0.138, the coming sessions may reveal whether demand stabilizes the token or pushes prices toward another test.
