$Labubu's recent rise in the past few days has not been accompanied by increased volume, and it is beginning to show signs of fatigue, temporarily (short-term) overstretching its momentum for further increases.

Due to issues such as IP licensing, it is generally difficult for $Labubu to enter mainstream trading platforms.

However, as a native on-chain meme (which may never enter mainstream exchanges), based on its potential for IP breakout, if it takes a break at this position for a while, it would be best to test the strength of the chips (floating chips) through a violent washout (within -50%); if it passes this test, large investors may enter, and at that time, $Labubu is expected to challenge a market value of 200 million to 500 million USD.