Around 30 minutes in the afternoon, I chased some $labubu:

Today while walking, I heard friends talking about how labubu is currently very popular in both China and the United States, and it's hard to get a hold of. They've been discussing labubu for about a week now, but I’ve recently been addicted to games and lazy to research it.

Curiously, I searched Google for the heat trend of labubu. I compared it with two classic meme coins, doge and pepe, the popular web2 luxury brand hermes, and the trending TikTok term italianrot. Although I don’t play with Pop Mart, I can feel that labubu indeed represents another level of popularity.

Additionally, most of the people who like labubu are young people from China and the United States, and most of those in the crypto circle are also from this group, suggesting that there is some overlap between the two communities.

Previously, the liquidity was quite poor, and I set a discipline for myself not to chase the highs anymore. Recently, I feel that the liquidity has improved a bit, and mainly I don't want to miss out on this IP that has such high mindshare among young people in web2, so I decided to chase the highs once more to give it a try.