LAB Surges 40% to Record $20 on Buyback Debut

$LAB extended its rally by 40% in a day, with two-day gains hitting 90% as the price tagged a record $20. Fundamentals have driven sentimental trading despite existing flaws in the tokenomics. The recent buyback program launch appears to address token distribution concerns previously raised by ZachXBT. Which raises the obvious question — does a buyback actually fix the tokenomics, or is the market simply buying the narrative?

Buybacks, open positions, and short liquidations — as per the data, YES. Yesterday, $LAB's official page on X (formerly Twitter) announced that a buyback program targeting three main issues had gone live. The data showed that protocol fees worth $3.401 million were used to repurchase a total of 22.644 million $LAB tokens.

The team framed the move as converting ecosystem revenue into market demand. The program is expected to maintain steady buy pressure and, in turn, value growth. It's also anticipated to advance long-term resilience for ecosystem sustainability, while achieving balanced tokenomics — to be done by distributing $LAB tokens through community incentives to enhance healthy token circulation. Source: Buyback.lab.pro

The buyback program has coincided with a notable hike in trading activity. Open positions have climbed across different exchanges, particularly for small investors. Funding rates on multiple exchanges flipped green — a sign of buyer