BiyaPay Analyst: Hong Kong stocks Meme double kill! Pop Mart falls over 5%, LABUBU big dump 20%
BlockBeats news, on June 20, the Hong Kong stock market and the Meme coin market experienced a correlated decline. Pop Mart (HK.9992) saw its stock price fall by 5.15% today, currently reported at 235.8 HKD, having pulled back over 16% from its historical high. At the same time, the Meme coin LABUBU, based on its trendy toy IP, saw its market capitalization drop below 28 million USD, with a big dump of 20.4% within 24 hours, leading to a rapid cooling of sentiment. BiyaPay analysts pointed out that this type of "coin-stock linked pullback" may indicate short-term risk release, but for experienced traders, it also presents a potential opportunity—whether shorting Pop Mart's Hong Kong stock or executing reverse operations in the crypto world, flexible trading can be achieved through USDT. Come to BiyaPay now to seize trading opportunities brought by market fluctuations: 1. Supports trading with USDT.