Labubu secondary market price plummets, the market value of the coin of the same name falls below $24 million

Odaily Planet News - Affected by official replenishment, Labubu's price has sharply dropped in the secondary market. Data from a trendy toy second-hand trading software shows that the full box recovery price of Labubu 3.0 has dropped from 1,500-2,800 yuan to 650-800 yuan. Previously, some scalpers hoarded goods using grabbing software and sold them at over 10 times the original price, but the official large-scale replenishment broke the scarcity expectation, leading to market sell-offs. (Jintian) Or influenced by this, according to GMGN data, the eponymous token LABUBU's market value has fallen below 24 million USD, currently reported at 23.93 million USD, with a 24-hour decline of 14.74%. reminds users that meme coin prices are highly volatile, and investors should proceed with caution.