The Solana Meme token, LABUBU, has recently experienced a surge in value. According to market information, LABUBU’s market value reached over US$9 million on October 10, with a 24-hour trading volume of US$4 million. There was also a significant 209% increase in the token’s value within the same time frame.
The success of LABUBU can be attributed to its association with the popular character, “Labubu.” Known for its cute appearance and unique design, Labubu is often loved by collectors. Its image features big eyes and exaggerated expressions, while incorporating humor and “spoof” elements. Labubu’s design style has gained widespread attention in the fashion circle. However, BlockBeats advises users to exercise caution when investing in Meme coins, as they often have no real use cases and their prices can fluctuate wildly.