Memecoin

$LABUBU Surges 23% in a Day as Whale Activity and Asia Hype Drive Speculation

June 3, 2025
0

The memecoin scene on Solana keeps throwing up surprises, and this week, $LABUBU is the one doing the leading.

The token has shot up 23% in the past 24 hours, reigniting interest from investors and speculators and getting everyone to again ask how high it can potentially go. The really remarkable part of this story, however, is that just earlier today, $LABUBU was already on the verge of hitting an all-time high market cap over $72 million, big money even in the meme coin arena.

Despite the fact that numerous tokens are finding it hard to keep up the pace after steep price rises, $LABUBU is asserting itself. The price movement looks to be the result of three factors: a very enthused community; sustained accumulation by large investors; and increasingly common talk that we might see some sort of big announcement soon—possibly a centralized exchange listing.

The $LABUBU meme is swiftly escalating from a niche meme into something more mainstream, with increased global impact. Viral aesthetics and cultural relevance are fueling this development, as are the advantages offered by the Solana blockchain, on which $LABUBU runs. Viral aesthetics and cultural relevance are fueling this development, as are the advantages offered by the Solana blockchain, on which $LABUBU runs.

Whale Moves Raise Eyebrows: Is Something Brewing?

$LABUBU’s ascent has, by now, become a frequent topic of conversation. One reason for that is the distinctly Market Maker moves of @blknoiz06, aka Ansem, a trader of considerable influence and an undeniable crypto personality. Known (and sometimes feared) for his accurate calls and for playin’ up the whole high-risk, high-reward aspect of our space, Ansem has, for some reason, remained quite attached to $LABUBU. In fact, if we read the trade right, we’ve got to assume that Ansem has been using $LABUBU as a vehicle for his Market Maker moves. In other words, if you want to see how to trade with considerable influence and make waves in our little corner of the crypto space, pay attention to how Ansem does it.

His total investment in the token is now close to $480,000, with his last buy—worth $35,000—happening just today. This continues a pattern of buying week after week, and even when you know something like that is happening, this level of commitment is pretty surprising in the current market, which is devoid of clear direction.

Ansem’s buying adds an air of mystery. He doesn’t just waphazardly snatch up assets; we see him often buying at what seems to be the right times, just after price dips that aren’t acknowledged as being dips at all (because price seems to not be going anywhere, which is why people are buying during a dip in the first place). This adds another level to the Ansem appearance. We’re not just getting a fistful of assets; we’re getting a fistful of assets purchased at good prices. Ansem’s appearance is primarily the event of getting a large number of good price buys in a short period of time.

And it’s not only Ansem who is taking action.

Fifteen days ago, a clever trader amassed a total of 1.62 million $LABUBU tokens by using a mix of DCA (dollar-cost averaging) and direct swaps through the Jupiter platform. The trader’s bet set them back by $22,900. This morning, they exited the position completely and cashed out for a whopping $70,700, realizing a gain of over 208%. The trade serves as a reminder that with potential profits like these, the $LABUBU ecosystem is somewhere to be reckoned with.

Can $LABUBU Reach the Coveted $100 Million Mark?

With a market cap of $70 million-$75 million, $LABUBU is at a point where it could easily cross the $100 million mark. However, that hasn’t happened yet, and we’re left to speculate why not. Memecoins (or at least the successful ones) tend to see a pressurized upflow as they approach the benchmark, almost as if they require a little bit of their own gaslight to cross the finish line. Could $LABUBU be having an identity crisis—a too-cool-for-school moment—in which it might somehow be unable to seek and find the $100 million underpass?

The success of the token has much to do with its cultural relevance. LABUBU is from a toy brand that enjoys enormous popularity all over Asia. Its built-in recognition is something that very few memecoins can (or do) boast. In a world where attention is often the most valuable currency, this edge can easily translate into a much higher rate of success.

$LABUBU is different from many other meme tokens, and what makes it so is its ability to meld speculative excitement with a brand that people identify with. The community is all in on this identity and pushes the coin on X (once called Twitter), Telegram, and other similar social spaces. When they aren’t doing that, they’re celebrating the underworld of the half-it’s-funny, half-it’s-satirical coin you see here. If thinking people push coins like Memecoins into bull markets and Memecoins like this one aren’t devoid of some of the basic appealing outward characteristics Bitcoin has (recognizable branding, lots of hype, a super-low-fee structure, Saruman (= SBF) no longer at the helm, fast transactions), is there any reason a coin like this one shouldn’t be pushing its way upward?

Nonetheless, there are still dangers. It’s a fact of life with any memecoin that they’re going to be hyper-volatile. Sharp pullbacks are always possible, as are unexpected dumps. And the mood of the community can change everything in hours. But right now, the trend looks like it’s headed up.

Everyone will be watching $LABUBU intently in the next few days. It could be a big listing on a major exchange; it could be another event where a whale accumulates a large stash; or it could be a broader rally in the memecoin space that pushes it towards that stratospheric valuation. But momentum, like mystery, isn’t built to last. And the only real question left is how long $LABUBU will keep both going.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Prev Next
No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *