🔥【Sky-high Collectibles Ignite the Crypto World】The world's only Labubu auctioned for 1.08 million, the same-named Meme coin skyrocketed 58% in a single day! Is it a value consensus or a bubble frenzy?

💎 Sky-high auction ignites dual markets

1️⃣ Collectible auction breaks records:

- The world's only mint green Labubu sold for 1.08 million (commission of 162,000 additionally paid)

- Limited edition 15 brown versions also sold at a high price of 820,000

- Buyer identity remains a mystery; Pop Mart's stock price has increased tenfold this year, reaching a market value of 347.6 billion HKD

2️⃣ Meme coins surge in frenzy:

- $LABUBU coin on the Solana chain skyrocketed 58.87% in a single day, market value exceeding 39 million USD

- 24-hour trading volume of 12.2 million USD, number of holding addresses surged

- Unofficial issuance, purely community speculation, has increased 60 times this year

🌪️ The logic behind the madness

✅ Financialization of collectibles:

- Labubu has become the “social currency” for Generation Z, with hidden version premiums of 30 times, second-hand market prices soaring to 3000+ yuan

- Celebrity endorsements (like Blackpink's Lisa and Rihanna) drive global demand, with overnight queues in Bangkok and Milan

✅ Meme coins riding the hype:

- Common tactics in the crypto world: leverage IP popularity to issue coins → pump → harvest

- Thailand becomes a key market, Labubu locally awarded the title of “Thai Tourism Ambassador,” driving FOMO sentiment