On October 10, COINOTAG highlighted significant activity surrounding the Solana chain’s Meme token, LABUBU, which has now surpassed a market capitalization of $9 million. The token has showcased a robust trading volume of $4 million over the past 24 hours, reflecting a staggering increase of 209% in that timeframe. The LABUBU token draws inspiration from a popular collectible character, known for its charming design and playful features, captivating the attention of enthusiasts within the trendy toy sector. While the character boasts an appeal driven by its vibrant personality and humorous traits, investors are cautioned about the inherent volatility associated with Meme coins. COINOTAG emphasizes the necessity for prudence, as these tokens typically lack intrinsic value and are characterized by dramatic price swings.
Source: https://en.coinotag.com/breakingnews/solana-chains-labubu-meme-token-surges-209-to-9-million-market-value-a-trendy-toy-phenomenon/