从1478元暴跌至632元！黄牛公开声明：暂缓收购！几个月前爆火

Group 1 - The average resale price of Labubu's products on second-hand platforms has significantly decreased, with the price of a box that originally cost 594 yuan dropping from 1478 yuan to around 632 yuan, and some single items originally priced at 99 yuan even falling below their original price to as low as 82 yuan during flash sales [1][3] - The number of Labubu listings on platforms like Xianyu, Qiantao, and Dewu has increased, but the transaction prices are simultaneously declining, indicating a shift in market dynamics [1][3] - The stock price of Pop Mart, the parent company of Labubu, has also seen a significant decline, dropping over 40% from a peak of 339.8 HKD in late August to approximately 189 HKD by mid-December, resulting in a market capitalization loss of over 200 billion HKD [3][5] Group 2 - The changes in pricing and market behavior cannot be attributed to a single product release or event, but rather reflect a broader decline in consumer confidence and interest in trendy toys, suggesting that the market's cooling is primarily driven by shifts in sentiment rather than sales volume [5] - The once high demand for new releases has diminished, with consumers now expressing a willingness to purchase items at lower prices without the urgency to buy blind boxes, indicating a fundamental change in consumer behavior [3][5]