Binance Alpha has opened the second round of LAB token airdrop rewards, giving eligible users a chance to claim 207 LAB. The update was quickly followed by strong price volatility. LAB fell from around $0.144 to nearly $0.138 in a rapid move, then bounced back toward $0.147 before settling near $0.142.
Claim requires 241 Alpha Points and 15-point spending
Under the current rules, users with at least 241 Binance Alpha Points can join the distribution on a first-come, first-served basis. If rewards remain unclaimed, the entry threshold drops by 5 points every 5 minutes, widening access over time.
The claim process also has a cost. Participants must spend 15 Binance Alpha Points to secure the airdrop, and they need to complete the claim on the Alpha Events page within 24 hours. If they do not confirm within that window, the reward is treated as abandoned.
LAB price saw a flash drop after the announcement
Before the airdrop update, LAB had already been drifting lower, sliding from roughly $0.147 into the $0.144 to $0.145 range while forming lower highs. In the final stretch of trading, a sudden liquidity event pushed the token sharply lower. Price dropped from about $0.144 to nearly $0.138 in a brief flash move.
Buyers stepped in soon after, driving a quick V-shaped recovery. Over the latest 24-hour candle, LAB opened at $0.1479, reached a high of $0.1491, touched a low of $0.1379, and closed near $0.1423. That sequence points to selling pressure after the airdrop news hit the market.
Traders are watching support near $0.138
The immediate support zone sits around $0.138 to $0.140, where buyers previously defended the token during the sharp drop. If selling returns and that area breaks, the next zone in focus is $0.132 to $0.135.
On the upside, LAB faces resistance around $0.147 to $0.150, with a stronger ceiling near $0.155. Technical readings in the source also show a cautious setup: RSI stands near 46.9, while MACD has turned into a negative crossover. Based on the range cited in the report, LAB may continue consolidating between $0.138 and $0.148 over the next 24 to 48 hours as the market absorbs selling from newly distributed tokens.