Labubu dolls are so popular that Pop Mart stores have stopped selling them, and Memocoin is skyrocketing. Solana’s unofficial Memecoin, dedicated to the Labubu Toy Line, has skyrocketed 5,934% to a market capitalization of $49.16 million over the past two weeks. Toys have become so popular that they had to pull stores off the shelf to prevent shoppers from fighting over collectibles.
Labubu Memecoin (Labubu) was created via Pump.Fun in October 2024 and initially jumped to a market capitalization of $10 million before retreating, then rose to $18.5 million, falling below $1 million. According to Dex Screener, Labubu Meme Coin has skyrocketed from $4916 million from its market capitalization of $814,710 in just seven months since the token first launched. At the time of writing, tokens have fallen 15%, with a market capitalization of $41.55 million.
Pop Mart, a retailer with Labubu Dolls, told BBC News on Friday that it had stopped selling toys in its stores to “prevent potential safety issues.” This comes after chaos erupted in many UK stores, allowing shoppers to camp outside the store for hours and then fight staff and other customers to get toys.
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