LABUBU (LABUBU SOL) fell 5.96% in the last 24 hours.

Gate News Bot news, August 22, according to CoinMarketCap data, as of the time of writing, LABUBU (LABUBU SOL) is currently priced at 0.01 USD, with a 24-hour fall of 5.96%, a maximum of 0.01 USD, and a minimum drop to 0.01 USD. The current market capitalization is approximately 8.59 million USD, a decrease of about 544,700 USD compared to yesterday.

LABUBU recent important news:

1️⃣ Pop Mart’s market capitalization hits a new high, will launch mini LABUBU The stock price of Pop Mart recently broke through 298 Hong Kong dollars, with a market capitalization approaching 400 billion Hong Kong dollars, setting a new historical high. The company plans to launch a mini version of LABUBU in the near future, which may bring new attention and potential user base to the LABUBU project. However, the price of the LABUBU token has not risen due to this positive news, reflecting the emotional divergence between the cryptocurrency market and the traditional stock market.

2️⃣ LABUBU price continues to fall, market capitalization shrinks The price of LABUBU token has continued to fall in the past few days. On August 20, LABUBU fell by 10.51%, with a market capitalization decrease of $935,800; on August 22, it fell another 5.96%, with a further reduction in market capitalization of $544,700. This ongoing downward trend may trigger a wait-and-see sentiment among investors, intensifying selling pressure.

3️⃣ The integration of NFTs with the real economy has become a focal point Pop Mart, as a well-known trendy toy brand, combines physical trendy toys with digital collectibles through its collaboration with LABUBU. This innovative model is expected to bring more attention and application scenarios to LABUBU, but in the short term, it seems unable to offset the impact of the overall downward trend in the market.

From a technical perspective, LABUBU has experienced a significant price adjustment over the past week, falling from a high of $0.02 on August 15 to the current $0.01. The future price trend of LABUBU will depend on its continued innovation capabilities in the NFT and trendy toy sectors, as well as the degree of integration with the real economy.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.