Pop Mart's Hong Kong stock market value hits a new high, and the market value of related concept Meme coin $LABUBU has increased 10 times in the past 3 days

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Followin news, on May 19th, the market value of Hong Kong-listed Pop Mart continued to reach a new historical high. Meanwhile, the concept coin $LABUBU of Pop Mart's IP Labubu once broke through $17 million in market value today, currently falling back to around $12.7 million.

The $LABUBU token was created 7 months ago and had been in a low state for a long time, but its market value has increased by over 1000% in the past 3 days.

Labubu is a spirit character plush toy created by Hong Kong artist Kasing Lung, belonging to his "The Monsters" series, and is currently promoted and sold by the Chinese trendy toy company Pop Mart.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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