LUBUBU has been targeted by the cryptocurrency world!!!
In the cryptocurrency world, "Everything can be a coin", and the recent IP that has caught attention is the wildly popular LABUBU.
With the trendy toy IP (intellectual property) Labubu under Pop Mart gaining global fame, a Memecoin called "Labubu" has recently been launched and listed on major cryptocurrency exchanges. On the day of its listing, the coin price skyrocketed, only to plummet afterwards, with a maximum drop of 91.66%.
It is not uncommon to issue virtual tokens based on hot events or popular culture. However, such actions often hide significant risks. Industry insiders warn that the launch of LABUBU coin is a typical speculative behavior, and its enormous price fluctuations fully expose the high investment risks behind it. Most of these projects are worthless, and their essence is fraud and pyramid schemes.