What? You're telling me LABUBU isn't officially released?
The recent Meme coin LABUBU has sparked heated discussions. Leveraging the popularity of trendy toy IPs, it quickly launched and landed on multiple platforms. After an early surge in price, it quickly fell back, drawing market attention.
However, industry insiders point out that LABUBU is not officially issued by POP MART, but rather a community-driven, speculative project with no real asset backing. The price is entirely driven by market sentiment, with extremely poor liquidity. Once the sentiment reverses, the price is highly susceptible to collapse.
Yicai also published an article pointing out that Meme coins like LABUBU are essentially speculative behaviors with high risks. Their volatile characteristics expose the risky nature of "passing the buck" operations in the crypto world.
