LAB jumps 40% to a record $20 after buyback program launches

LAB surged more than 40% in a single day and reached a new all-time high of $20, extending its gains to about 90% over two days. The move followed the launch of a buyback program that used $3.401 million in protocol fees to repurchase 22.644 million LAB, alongside rising open interest and over $17 million in 24-hour short liquidations.