This week, the memecoin and collectibles markets did something together that we rather often see these two sectors do alone: They both went up!
The current state of Pop Mart’s memecoin, $LABUBU, which has enjoyed a recent turnaround that’s nothing short of meme-orable, has us once again in the presence of a memecoin as well as the presence of an all-too-familiar conversation side effect that we usually have when discussing tokens like $LABUBU: It’s time to have that conversation about the speculative nature of both the memecoin and the collectible markets.
Underneath the price action is a swelling wave of hype related to Pop Mart’s increasing worldwide popularity, recent auction activities, and the speculative prospects of a memecoin that connects to the niche of limited-edition collectibles and cultural storytelling.
Collectibles Craze and Blind Box Culture Fuel Hype
The $LABUBU hype train was catalyzed by an attention-grabbing auction. A one-of-a-kind Labubu figure was sold for $150,000, a price more typically associated with blue-chip NFTs than collectibles of any other sort. The sale instantly reignited public interest in the character and token that bears its name. And then it went even further.
More than just speculative inflows, the token’s recent rebound signals how thoroughly the Labubu brand has penetrated mainstream pop culture. Built around blind box collectibles and the same scarcity-driven mechanics that powered the Pop Mart franchise, which has long thrived on the same psychology that fueled the NFT boom—limited supply, mystery reveals, and a strong emotional connection to characters.
For now, traders are keeping an eye on any price shifts that occur around key marketing moments. They are especially focused on the potential impacts of blind box drops and celebrity endorsements. But those two events aside, the price moves that are in the pipeline give us reason to expect at least a few sharp upward and downward moves over the next month or two. Analysts see events of this sort as likely to generate either increased buying or increased selling in the near term.
Community Belief and Trader Sentiment
When $LABUBU rises, it is causing vocal backers in the trading community to chant its praises and set off comparisons to past memecoin victories. The influential trader @PumpLUO on X (formerly Twitter) has said he sees liquidity returning to the project and seems to believe its return to $100 million in market cap is not only feasible but potentially very conservative. PumpLuo has thrown out numbers like $200 million or $300 million for potential price targets at which $LABUBU could end up. Those would be comparably insane for any asset, but especially for a liquid token with no obvious real-world utility.
He observed that he intends to increase his exit from the position gradually at each milestone, a careful strategy that shows both optimism and risk management.
Another trader, @yurskik, was even more emphatic. “I strongly believe $LABUBU is here to stay. Its mindshare rivals Bitcoin. Even $MOODENG and $CHILLGUY didn’t achieve this. Just check Google Trends,” he said. While the comparison to Bitcoin may seem exaggerated, the point underlines the strength of cultural branding when fused with a token economy.
Trader @ki_smoon12 also weighed in, highlighting the resonance of $LABUBU with NFT-era mechanics. “Limited drops and blind box culture mirror NFT psychology. It’s more than just a product—it’s a story, a community,” he said. For many investors, this storytelling dimension is what distinguishes $LABUBU from countless other short-lived memecoins.
https://Twitter.com/followin_io/status/1932637368101843414?t=R1iaiZTtxiJbwCUKHSVN1A&s=19
High Risk, High Reward: Long-Term Outlook Mixed
Longer-term evaluations of $LABUBU are mixed, despite the recent recovery and excitement within the community. Speculative demand and community narrative drive this token’s value. $LABUBU is like many others in the memecoin category. It has no defined on-chain function and lacks intrinsic utility.
This makes it a high-risk asset. For those with a long-term investment horizon, experts recommend prioritizing tokens with established utility, active development, and real-world use cases. That said, the current memecoin climate remains one of the most dynamic and unpredictable segments of the crypto space. Cultural momentum alone can sometimes propel a token well beyond fundamental valuations.
The participation of the wider market and the community’s ongoing enthusiasm will decide whether $LABUBU ups its previous all-time high or just drifts backward as the now-intense hype surrounding it inevitably calms.
For the moment, though, this remarkable recovery is very much underway, and $LABUBU has reemerged to stir traders, collectors, and crypto-culture watchers inexorably.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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