An unofficial Solana meme coin devoted to the Labubu toy vary has skyrocketed 5,934% over the previous two weeks to a $49.16 million market cap. The meme coin gained momentum after the dolls went mega viral.
So viral, in reality, that shops have needed to pull them from cabinets to stop prospects combating over the lovable collectibles.
The Labubu (LABUBU) meme coin was created through Pump.enjoyable in October 2024, initially spiking to a $10 million market cap earlier than retracing, bouncing again to $18.5 million, and subsequently falling beneath $1 million—the place it remained for months.
In keeping with DEX Screener, the LABUBU meme coin has shot from a market cap of $814,710 to $49.16 million—over seven months after the token first launched. On the time of writing, the token has since retraced 15% to $41.55 million.
Pop Mart, the retailer for Labubu dolls, instructed BBC Information on Friday that it was halting the sale of the monster bag charms in its shops to “stop any potential questions of safety.” This follows chaos ensuing in quite a few shops throughout the UK. Clients camped for hours exterior of shops earlier than combating workers members and different prospects to get their fingers on the toys.
What are Labubu toys?
Labubu toys are half furry bunny rabbit, half wacky monster, and are bought in blind bins. Which means prospects don’t know the precise model of the merchandise they’ll get inside sealed packaging. There are a number of sorts of Labubu dolls, however the preferred kind is a gentle bag allure. The grew to become standard trend equipment after celebrities like Rihanna took to sporting them.
The character was first created in 2015 by Hong Kong-born artist Kasing Lung as a part of an image e-book sequence titled “The Monsters.” By 2019, Labubu dolls began to hit cabinets. In October 2024, in accordance with Google Tendencies, the toys noticed a big spike in searches—aligning with the creation of the meme coin.
However the recognition of Labubu went parabolic in 2025, following rising curiosity in blind bins, a TikTok development, and, in fact, celeb endorsements.
With Labubu dolls taken off cabinets, followers are turning to gathering the meme coin to feed their starvation for the viral toy.
“I purchased $LABUBU as a result of having Labubus simply wasn’t sufficient,” LadyETH, a pseudonymous crypto dealer and Labubu fan, tweeted.
Edited by Stacy Elliott.
