LABUBULABUBU Price

axis Surges 22.18% in 24H, Currently at 0.357131 USDT

 official store mini-program of Pop Mart has started to push notifications for restocking Labubu series blind boxes, and there is also a large amount of stock in e-commerce live streaming rooms. That night, many consumers shared their pre-sale orders on social media platforms. Due to the official restocking, the price of Labubu in the second-hand market has plummeted. Data from a trendy second-hand trading app shows that the buyback price for a whole box of Labubu 3.0 has dropped from 1500 yuan-2800 yuan to 650 yuan-800 yuan. Previously, some scalpers relied on grabbing software to hoard goods and sell them at more than 10 times the price, but the official large-scale restocking has disrupted the expectation of scarcity, leading to a market sell-off. 

June 20th, according to Securities Times website, recently, during the 6·18 promotion period, Pop Mart replenished a large amount of the popular Labubu series, causing a sharp drop in prices in the second-hand market. According to data from the trendy trading platform "Qiandao", the transaction price of Labubu 3.0 whole box has dropped by 45%, with the trading price falling to the range of 650-800 yuan; the hidden style "Ego" price has dropped from 4607 yuan to 2851 yuan, a drop of over 38%.Affected by this news, the scalping market has seen panic selling, and the scalping business that relied on grabbing software to hoard goods and mark up prices by 10-30 times has been severely hit. In addition, the meme coin with the same name plummeted by over 30% in a single day, with a market value dropping to 28 million. Today, Pop Mart (09992.HK) continued to decline, opening down by 12.2%.