As of June 16, market data from GMGN shows that the LABUBU meme token—based on the popular designer toy IP from POP MART—has reached a market capitalization of $55.03 million, marking a 24-hour surge of more than 54%.

LABUBU draws inspiration from POP MART’s trendy collectible character "Labubu," which has gained widespread recognition, particularly in Asia. In Thailand, the token’s launch was celebrated with a large-scale welcoming event.

BlockBeats cautions investors that meme tokens like LABUBU are highly volatile and should be approached with careful consideration.