Labubu is evolving into a cross-border cultural meme that is accelerating its spread. Recently, the MEME coin $LABUBU has skyrocketed in popularity due to the release of a new product line, becoming the focus of market attention once again. According to GMGN data, the market capitalization of $LABUBU has surged from hundreds of thousands of dollars to 18 million dollars in just a week, experiencing a big pump of several times. Labubu's popularity continues to rise globally, becoming a "universal currency" in the social scenes of young people worldwide. Labubu has gradually become a global IP with full-chain commercial capabilities, leveraging the flywheel effect of the business logic of Pop Mart.