LABUBU, Exploring the Popular Meme Coins in the Recent Crypto Market.

In the world of cryptocurrency, meme coins have garnered attention for their unique cultural appeal and speculative potential. LABUBU, as an emerging project in this field, has quickly risen to prominence in the crypto market thanks to its association with the trendy toy IP Labubu under Bubble Mart. However, the story behind it and its market performance have also sparked widespread interest and discussion.

The Origin and Background of LABUBU

LABUBU was originally a trendy toy IP under Pop Mart, accumulating a large fan base globally with its iconic big eyes, pointed ears, and nine sharp teeth. In October 2024, LABUBU was launched as a meme coin on the Solana blockchain, quickly attracting market attention. The launch of the token coincided with Pop Mart suspending the sale of physical toys due to excessive demand, making the LABUBU token a digital substitute for the Labubu cultural phenomenon.

The technology and economic model of LABUBU

LABUBU token is built on the Solana blockchain, leveraging its fast and low-cost transaction characteristics to provide users with an efficient investment experience. Its tokenomics model has the following features:

1. 100% community ownership LABUBU adopts a fair launch model, with no team allocations, and all tokens are held by community members.
2. Zero trading tax All transactions are not subject to any taxes or fees, which allows investors to trade more freely.
3. permanently locked liquidity: To ensure the stability and transparency of the market, the liquidity pool of LABUBU is permanently locked.

Market Performance and Risk

Since its launch, the market performance of LABUBU tokens has been extremely dramatic. By the end of 2024, the price of LABUBU coin skyrocketed 40 times within two weeks, with its market capitalization soaring from $814,700 to $49,160,000. However, this rapid increase did not last long, and LABUBU tokens experienced significant fluctuations in subsequent trading, with a maximum drop of 91.66%.

This drastic fluctuation has sparked widespread discussion in the market regarding its risks. Experts point out that the LABUBU token is essentially a “scam coin,” with its value primarily relying on social media hype, celebrity influence, and fans’ enthusiasm for the brand. Due to the lack of practical application scenarios and clear use cases, the long-term value of the LABUBU token remains uncertain.

Experts advise on investment risks

Industry experts and lawyers repeatedly remind investors that the high returns of LABUBU tokens are accompanied by high risks and the potential for fraud. Investors should approach such projects with caution to avoid being swayed by FOMO (fear of missing out). For investors in regions like Iran, due to the uncertainty of local regulations, extra caution is required when participating in LABUBU token trading.

Conclusion

LABUBU, as a meme coin, successfully combines popular culture with encryption, attracting significant attention from a large number of investors. However, its drastic fluctuations in market performance and potential fraud risks also remind us to be cautious when investing in such projects. The success of LABUBU also reflects the potential of cultural assets in the crypto market, but investors should fully understand the associated risks and implement risk management when participating.