POP MART(HK:09992) Di Yi Cai Jing·2025-06-11 11:53Group 1 - LABUBU, a popular IP from Pop Mart, has gained significant attention in the collectible toy market, leading to the launch of a virtual currency named LABUBU Coin [1][2] - LABUBU Coin experienced extreme price volatility shortly after its launch, with a peak price of $0.12244 and a subsequent drop to $0.01590, resulting in a loss of 87.01% for investors who bought at the peak [5][9] - The coin's market capitalization reached $55 million but fell to $45 million as trading enthusiasm waned [5][9] Group 2 - The launch of LABUBU Coin is seen as a speculative move, leveraging the popularity of the LABUBU IP to attract investment without any real asset backing [5][6] - The phenomenon of creating tokens based on trending events or cultural references is common in the cryptocurrency market, often leading to significant price fluctuations driven by market sentiment [7][8] - Industry experts warn that such tokens, often referred to as "Meme Coins," lack governance and development support, making them susceptible to manipulation and fraud [8][10] Group 3 - The volatility of Meme Coins is primarily driven by market emotions and speculative trading, posing substantial risks to ordinary investors [9][10] - The typical strategy employed by these projects involves creating artificial price movements to benefit early investors while transferring the risk to less informed traders [9][10] - Legal experts highlight that the issuance of Meme Coins is illegal in many jurisdictions, and investors are advised to avoid participation to protect their assets [10]