Written by: Nancy, PANews
A Nordic forest elf with pointed ears and a mischievous grin, Labubu, is sweeping the globe at an astonishing speed, becoming a fashion item, social currency, and even an alternative financial tool in the eyes of Generation Z. Recently, the third-generation Labubu soft vinyl plush series made a strong debut, triggering a buying frenzy upon release. From selling out on domestic e-commerce platforms to overnight queues at overseas flagship stores, from being the center of attention in trendsetter street photography to dominating social media, Labubu is evolving into a cross-border cultural meme rapidly spreading.
[Rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English]In a sense, the global popularity path of Labubu is quite similar to the rise of the MEME token. Both are essentially cultural phenomena driven by emotional value, rapidly breaking through circles through social media proliferation, community self-propagation, and strong identity recognition. Whether it's young people queuing all night to grab a hidden Labubu or investors flocking to buy a token because of a MEME image, what is reflected is the contemporary young generation's desire for self-expression, circle identity, and participation in discourse, which are becoming exemplars of the new generation's cultural economy.
