Core Viewpoint - LABUBU, a popular IP from Pop Mart, has gained significant attention in the collectible toy market, leading to the launch of a cryptocurrency named "LABUBU Coin" which has experienced extreme price volatility, raising concerns about its speculative nature and inherent risks [1][3][5]. Group 1: LABUBU Coin Overview - LABUBU Coin was launched recently and quickly listed on multiple exchanges, experiencing dramatic price fluctuations shortly after its debut [3][5]. - On its first day, LABUBU Coin opened at $0.04429, peaked at $0.08786 (a 98.37% increase), and then dropped to a low of $0.02915, marking a 34.18% decrease from the opening price [5]. - Over 16 trading days, the coin's price fluctuated between a high of $0.12244 and a low of $0.01590, resulting in potential losses of up to 87.01% for investors who bought at the peak [5][6]. Group 2: Market Dynamics and Speculation - The cryptocurrency market often sees tokens launched based on trending events or popular culture, commonly referred to as "Meme Coins," which rely heavily on market sentiment and speculative trading [8][9]. - LABUBU Coin's rise and fall exemplify the characteristics of such speculative assets, where price movements are driven by hype rather than intrinsic value [6][9]. - Industry experts warn that these types of coins often lack real asset backing and are primarily driven by market emotions, leading to rapid price increases followed by steep declines [6][11]. Group 3: Regulatory and Investor Concerns - The issuance of Meme Coins like LABUBU Coin has attracted scrutiny from regulatory bodies due to their potential for fraud and lack of governance [9][12]. - Experts emphasize that the best way for investors to protect their assets is to avoid participating in such speculative investments, as they often lead to significant financial losses [11][12]. - The phenomenon of LABUBU Coin highlights the broader issues within the Meme Coin market, including the absence of clear issuance regulations and the prevalence of speculative behavior [9][10].