The crypto world has always adhered to the philosophy of "everything can be tokenized". Recently, the globally popular IP LABUBU has gained attention.

As the LABUBU IP under Pop Mart has gained popularity globally, a meme coin named after it has quickly emerged and landed on multiple virtual currency trading platforms. On its first day of listing, this token experienced dramatic price fluctuations, first soaring sharply, then suffering a cliff-like drop, with a staggering decline of 91.66%.

Issuing digital currencies using popular events or elements of pop culture has become a common phenomenon. However, industry experts point out that the emergence of such LABUBU coins essentially belongs to speculative behavior, and their dramatic price fluctuations fully reflect the huge risks behind them. In fact, the vast majority of such projects lack actual value support and often involve deceptive nature and pyramid scheme models.

In the cryptocurrency space, IP licensing and compliance issues are equally noteworthy. When a hotspot IP is used for token issuance without authorization, it may not only infringe intellectual property rights, but also bring immeasurable losses to ordinary investors. This phenomenon also reminds people to remain rational in digital asset investment and carefully judge the actual value and risks behind the project.