With sharp ears and fangs, and a mischievous smile, Labubu is the most popular fashion trend toy among Generation Z, creating a global sensation. The parent company Bubble Mart's stock price reached a historic high of 233.4 Hong Kong dollars today (27th).
Labubu's Continuous Global Popularity Increase
After K-pop girl group Blackpink member Lisa made Labubu the latest fashion accessory, becoming a popular Asian trend, this trend also spread to Europe and America. American pop queen Rihanna was photographed with a pink Labubu hanging on her bag, and Hermès veteran player Bryanboy hung a Labubu doll on a rare platinum bag, with netizens jokingly saying Labubu has "successfully conquered America".
According to statistics, by the first quarter of this year, Bubble Mart's revenue in the Americas and Europe regions increased by 900% and 600% year-on-year, respectively.
Driven by the star effect, the recently launched third-generation Labubu is also highly popular globally, with fans queuing overnight to purchase. Last week, a customer conflict even escalated to a physical altercation in the UK, forcing the official to announce a temporary suspension of sales in 16 stores to ensure customer safety, with plans to relaunch in June.
LABUBU meme Coin Market Value Breaks $40 Million
In this context, the LABUBU meme coin's popularity continues to soar, breaking new highs. At the time of writing, its price has exceeded $0.044, with a market value surpassing $40 million. Multiple famous crypto KOLs continue to release tweets featuring Labubu's image, maintaining its high popularity.
However, a reminder that this is not an officially released MEME coin and carries the risk of significant volatility if the hype declines.
