跌幅91.66%！爆火的LABUBU被币圈盯上了

Core Viewpoint - The rise and fall of the LABUBU coin highlights the speculative nature of the cryptocurrency market, particularly with meme coins that lack substantial backing and are driven by market sentiment [4][5][6]. Group 1: LABUBU Coin Overview - LABUBU, a popular IP under Pop Mart, has gained significant attention globally, leading to the launch of a meme coin named LABUBU coin on May 29, which saw an initial price surge before a drastic decline [4][5]. - The LABUBU coin reached a peak price of $0.004559 on its launch day but plummeted to a low of $0.0003801, marking a maximum drop of 91.66% within days [4][5]. - As of June 9, the LABUBU coin's market cap was approximately $799,522.48, with a maximum supply of 1 billion coins [5]. Group 2: Market Dynamics and Risks - The volatility of the LABUBU coin reflects the high risks associated with meme coins, which are often characterized by speculative trading rather than fundamental value [5][6]. - The price fluctuations are primarily driven by market sentiment and speculative demand, lacking any real asset support or intrinsic value [6][9]. - The phenomenon of meme coins exploiting popular IPs for quick gains has been observed previously with other tokens, indicating a trend of speculative behavior in the cryptocurrency market [8][9]. Group 3: Regulatory and Governance Issues - The lack of regulation and governance in the meme coin market allows for frequent speculative activities, with many coins lacking proper authorization and development support [8][10]. - Centralized exchanges are urged to take more responsibility in monitoring and regulating meme coins to prevent fraudulent activities and protect investors [10][11]. - There is a call for improved legal frameworks and investor education to enhance market integrity and reduce the risks associated with meme coin investments [11].