Solana ecosystem meme coin $Labubu was issued last October. With recent exchange listings, new product series releases, continuous blind box design discussions, and celebrity and community support, the token price has been surging, becoming a focal point in the crypto market.
「The Monsters」Popular Character Becomes MEME Coin Protagonist
$Labubu originates from Pop Mart's trendy toy series "The Monsters", designed by Hong Kong artist Long Jiasheng, characterized by a fluffy appearance, a mischievous expression, and nine sharp teeth. Since its launch, it has become globally popular, inspiring its namesake token to become a Web3 darling.
$Labubu Breaks New High of 0.074 USD
Last night, despite market volatility, $Labubu still rose over 100%, reaching a new all-time high of $0.07426, with market cap momentarily exceeding $74 million.
$Labubu Leads IP Culture Track
KOL @Ed_x0101 directly stated that $Labubu is no longer just a meme coin, but a representative of the "IP culture track". He said:
Once the track narrative is established, heat and popularity will be more extraordinary, similarly, the community will become stronger, and capital will be more FOMO, making it easier to collaborate with market forces (liquidity, project teams, community, whales, and various funds).
Cult meme track $SPX
AI track emerged $Goat
Political track $pnut
Abstract track produced #fartcoin
Animal track needs no explanation $doge $shib $pepeThe IP culture track's success depends on derivative products. Currently, we're still in the early stages of the IP culture track. After SOL gains traction, BSC and ETH will follow, and other IPs will also start to move.
The fan economy's spillover effect is massive. For example, Labubu fans will tell people in their circle, "Want to buy some Labubu? It's interesting, there's a strong sense of identity."
It's not that Binance doesn't list SOL memes, or that people don't like memes, but there hasn't been a suitable target: community culture, widely known, appealing to all ages, internationalized, spillover effect, and sustainability.
I'm not endorsing any specific coin, but thinking is a process. The bet from 10 days ago was validated by positive feedback. I know making money is hard, I've been through challenges, if I'm wrong, I'll correct it. May everyone have their own $labubu.
Copycat Tokens Emerge
With $Labubu's popularity, various copycat tokens have emerged, including same-name tokens across different chains, similar-named imitations (like $Lafufu), and other ecosystems attempting to create similar original IPs.
On the BSC chain, $Loopy, which appeared yesterday, briefly reached a market cap of $550,000 and quickly gained popularity, but subsequently dropped over 50%.
While the $Labubu phenomenon has ignited market enthusiasm for IP and meme combination, the overall "IP culture track" remains in its early stages. Its ability to maintain attention and user consensus remains uncertain. Amid the current heat and copycat surge, investors should remain cautious and avoid high-risk chasing.
