Recently, a token named "LABUBU" quietly made its debut amid the popularity of the same-name IP in the toy industry and has been listed for trading on multiple cryptocurrency platforms. The token experienced significant price fluctuations in its early days of trading, initially skyrocketing before undergoing a substantial decline.

It is worth noting that this LABUBU coin is not from the official Bubble Mart, but rather a product released by a self-proclaimed community-driven development team.

This significant price volatility actually reflects the enormous investment risks behind it. In fact, such projects often lack substantial value support and may essentially involve fraud and pyramid schemes.

This project is believed to be developed by a Chinese team. In the cryptocurrency market, investors should maintain a clear mind and avoid blindly chasing trends to fall into risks.