Labubu ignites the MEME coin market in Southeast Asia, with $LABUBU rising several dozen times in a week.

Gate News bot news, recently, the MEME coin $LABUBU has become the focus of market attention due to the strong launch of Labubu's third-generation rubber plush new product series, KOL promotion, and the soaring popularity of Southeast Asia IP. According to GMGN market data, $LABUBU's market capitalization has surged from several hundred thousand dollars to 11 million dollars in the past week, rising several times, with a 24-hour trading volume of 6.1 million dollars. Holderscan data shows that the number of holding addresses has been continuously rising since May 14, with user participation and market enthusiasm rapidly heating up.

Labubu was originally a popular潮玩 IP under Pop Mart, which has recently gained phenomenon-level attention in Southeast Asian countries. According to Pop Mart's mid-2024 financial report, its overseas revenue reached 1.35 billion yuan, a year-on-year increase of 259.6%, with the Southeast Asian market contributing 560 million yuan, accounting for over 40%. The high popularity of Labubu has driven a hype around related MEME coins, with celebrities such as Blackpink's Lisa and Thai princesses continuing to amplify the sales effect. Labubu has even been awarded the title of "Magical Thailand Experience Officer."

It is worth noting that $LABUBU is not officially issued, but it had already surpassed a market capitalization of 20 million dollars during the MEME sector's explosive market in November 2024, making it one of the representative works of the Labubu IP in the crypto market. Thailand, as a major traffic engine, continues to amplify its influence.

This message is not investment advice, and investors should be aware of market volatility risks.