Memecoin

Pop Mart’s Global Surge Sends $LABUBU Memecoin Flying Amid Whale Interest and Futures Launch

May 28, 2025
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Pop Mart, the Chinese pop culture giant, is known for its designer toys and collectible IPs. Stock prices soared to new heights today—thanks in large part to one of its standout characters: $Labubu.

As Labubu garners ever-growing global attention, the effect is now spilling over into the crypto space.

Basking in the wave of fervor, the loosely-connected-to-Labubu memecoin $LABUBU was up a sharp 26% this past 24 hours. Trading let the market cap briefly touch over $45 million before letting it cool back down to around $37 million. That figure still represents $LABUBU as a 26% gain in the last day, which is a gain that is doubling in some quarters as $LABUBU has fresh listings. Neither the crypto nor collectibles communities appear to be able to stop talking about it.

Futures Launch and Whale Activity Signal Growing Momentum

In a further development, the crypto exchange Mexc pronounced that starting today, the futures of $LABUBU would be officially listed, and that they would be offered with a lucrative potential—something called leverage, which in this case goes up to 50 times your money. This sort of thing is done when you want to cash in on something’s potential price swings in a shorter time frame, and prompts even more speculation from speculative-speculators.

Two notable whale wallets recently executed buys of $LABUBU, a sign that big money is starting to pay attention. One whale, tied to the memecoin $RFC, purchased approximately $3.39K worth of $LABUBU at a $38.25 million market cap. A second whale, with a track record in the $TRUMP ecosystem, entered at $3.38K with a market cap of $37.97 million.

Although these transactions are relatively small in dollar terms, they come from sources with a great deal of trading activity and very clear record-keeping. One intelligence service, MOBY, run by a group of former Wall Street analysts, recently tallied the addresses behind these trades. The findings are quite interesting. Over the course of 30 days, the $RFC whale has completed 2,877 trades, with a win rate of only 47.06%. That roughly breaks down to about 1 to 3 trades a day, with ups and downs, for the person or entity behind the address. Meanwhile, $TRUMP whale has completed an impressive but no less suspicious-sounding 14,449 trades in the last month. His win rate is—at first glance—better than the $RFC whale’s, with 46.39% of his trades ending in profit. But he has made more trades in the last month than many people make in a lifetime.

Is $LABUBU the Next Big Meme Token — or Just Riding a Temporary Wave?

Pop Mart is a hugely popular brand in China that has successfully crossed over into Western markets. Its flagship product is a collectible vinyl figure series called “Blind Box,” which has spawned countless imitators. From Pop Mart’s point of view, collaborating with a company that is minting real online hype and that appears to have a rather bright future is an obvious no-brainer.

Originally created by artist Kasing Lung, Labubu has become a beloved figure among collectors and toy enthusiasts, especially with the recent surge in popularity of the character on platforms like TikTok and Instagram, where it has seemingly been catapulted into the very center of Gen Z culture. That kind of crossover appeal — from art toys to digital tokens — is seen by many as providing $LABUBU with a unique potential.

Yet, some caution is warranted. Despite the overwhelmingly positive signals, the two whales who bought $LABUBU today have not had the best of luck over the past month, racking up just below 50% in wins. Their average trade sizes are also small, indicating that they’re probing for a potential new trend rather than placing big bets with big confidence. If the Pop Mart Labubu hype were to cool off, the memecoin could find itself dashed on the rocks like so many other tokens that have been giddily hype-driven.

Even so, in a market where the story is what carries a token up, $LABUBU has all you want to keep it going — at least for the time being. The futures listing on Mexc will almost certainly add some short-term volatility to what is already a volatile mix, and with Pop Mart’s stock price at record highs, some real crossover attention between traditional finance and crypto seems anyway to be coming.

Conclusion: Meme Magic Meets Market Mechanics

While Pop Mart keeps advancing in the classic stock market, its influence is now making itself known in the world of DeFi — decentralized finance. The . $LABUBU token is quickly becoming more than just a gag gift for Degenerates. It’s a real use case for how pop culture intellectual property can work in not just one, but multiple, monetizable mediums. And that’s quite a pop-and-lock for the future of the entertainment business.

Labubu’s moment isn’t over, and neither is the memecoin madness it has kindled. Whether it can keep up its pace, though, is an open question.

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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