币圈盯上LABUBU，业内人士提醒→

Core Viewpoint - The article discusses the rise and fall of LABUBU coin, a cryptocurrency linked to the popular toy IP LABUBU from Pop Mart, highlighting the speculative nature and risks associated with such meme coins in the cryptocurrency market [1][3][6]. Group 1: LABUBU Coin Overview - LABUBU coin was launched recently and quickly gained attention in the cryptocurrency market, experiencing significant price volatility shortly after its listing on multiple exchanges [1][3]. - On its first day, LABUBU coin opened at $0.04429, peaked at $0.08786 (an increase of 98.37%), and then dropped to a low of $0.02915, reflecting a decline of 34.18% from the opening price [6]. - Over a span of 16 trading days, the coin's price fluctuated dramatically, with a high of $0.12244 and a low of $0.01590, leading to potential losses of up to 87.01% for investors who bought at the peak [6]. Group 2: Market Dynamics and Speculation - The phenomenon of LABUBU coin exemplifies a common trend in the cryptocurrency market where tokens are created based on popular culture or trending events, often referred to as "meme coins" [9][10]. - These meme coins typically lack intrinsic value and are driven by market sentiment and speculation, leading to rapid price increases followed by steep declines [10][11]. - The article notes that the LABUBU coin is not officially issued by Pop Mart but rather created by a community of developers, indicating a lack of regulatory oversight and potential for fraud [6][10]. Group 3: Risks and Regulatory Concerns - Industry experts warn that the speculative nature of meme coins like LABUBU can lead to significant financial losses for ordinary investors, as these assets often lack real value and are subject to manipulation [10][12]. - The article highlights that many meme coins are created without proper governance or ongoing development support, making them susceptible to rapid price fluctuations and potential scams [10][14]. - Regulatory bodies have previously issued warnings against such token offerings, emphasizing the need for investor education to avoid falling victim to fraudulent schemes [10][14].