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LABUBU Token Investment Yields 33x Return After Price Drop

Following a major restock, LABUBU's secondary market price has significantly dropped, impacting its token's market cap and volatility.

SOL

Summary

LABUBU's secondary market price has decreased from 1500-2800 yuan to 650-800 yuan due to a substantial official restock, leading to a sell-off. The LABUBU token's market cap has fallen below $24 million, currently at $23.93 million, with a 24-hour decline of 14.74%. Investors are cautioned about the volatility of meme coins, despite an address known as 6FPzq seeing a 33x return on its investment.

Terms & Concepts
  • LABUBU tokens: A type of cryptocurrency or digital asset, the value of which can fluctuate significantly.
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions and staking.
  • 33x return: A financial metric indicating that the investment has increased in value by 33 times the original amount.