BiyaPay analysts: Bubble Mart Hong Kong stocks have soared 30 times in 3 years, and the currency circle has plummeted by 91.66% by relying on LABUBU to issue coins

BlockBeats News, on June 10, Bubble Mart Hong Kong stocks soared by more than 30 times in three years, becoming a popular target in the capital market. However, the trendy toy “LABUBU” IP under Bubble Mart has been “copycated” by the currency circle and harvested speculators. THE “LABUBU COIN”, WHICH WAS LAUNCHED ON MAY 29, SKYROCKETED DUE TO IP POPULARITY, BUT PLUMMETED BY 91.66% IN JUST A FEW DAYS. This Memecoin is not an official release, but is led by an anonymous community team, lacking fundamentals and practical support, typical of “emotion-driven” hype. The industry pointed out that this type of currency has no substantial commercial value under the guise of popular IP, and the circulation mechanism is not transparent. Ordinary investors tend to buy at a high level amid FOMO sentiment and become the “last to take the baton”. BiyaPay analysts reminded that there is frequent chaos in the meme coin market, especially for projects that “rub hot IP”, and the investment risk is extremely high. In contrast, a truly high-quality investment opportunity should have a clear business model, transparent information disclosure and compliance supervision. In the complex crypto market environment, BiyaPay is committed to providing users with a compliant and safe investment channel: 200+ mainstream crypto assets are supported, USDT is supported to invest in U.S. stocks and Hong Kong stocks with zero fees for pending order transactions, 30+ fiat currencies are supported for deposits and withdrawals from offshore accounts, and withdrawals from compliance institutions and rational investment with zero frozen cards are kept away from copycat traps. BiyaPay accompanies you to go further and more steadily.