LABUBU (LABUBU SOL) has fallen 6.02% in the last 24 hours.

Gate News Bot news, on July 30, according to CoinMarketCap data, as of the time of writing, LABUBU (LABUBU SOL) is currently priced at $0.01, with a 6.02% fall in the last 24 hours, reaching a high of $0.01 and a low of $0.01. The current market capitalization is approximately $7.83 million, a decrease of about $501,200 from yesterday.

Important news about LABUBU recently:

1️⃣ New trading platform launched LABUBU has successfully launched on Gate's Alpha platform. This move will bring LABUBU greater exposure and liquidity, likely attracting more investors to participate in trading. However, short-term price fluctuations may occur, as new trading pairs often trigger market repricing.

2️⃣ Brand Protection Action Pop Mart has filed a lawsuit against the convenience store chain 7-Eleven in the United States, accusing it of selling counterfeit LABUBU dolls. This legal action indicates that the company is actively protecting its intellectual property, which is beneficial for maintaining the value of the LABUBU brand. In the long run, this may boost investor confidence in the LABUBU project, but in the short term, it may have a certain impact on market sentiment.

3️⃣ Market Volatility Intensifies The LABUBU token price has recently experienced significant volatility. In the past week, LABUBU saw a 24-hour gain of 18.53%, with its market capitalization reaching as high as 15.1 million USD. However, the latest data shows that its price has significantly retraced, with a 24-hour fall of 17.98%, and the market capitalization shrinking to 8.22 million USD. This extreme price fluctuation reflects the instability of market sentiment, which may be related to short-term speculative behavior following the launch of new trading platforms.

From a technical perspective, LABUBU's price has rapidly pulled back after a significant rise in the short term and is currently possibly looking for new support levels. Investors should closely monitor the price movements in the coming days to assess whether there will be signs of stabilization.

This message is not intended as investment advice; investors should be aware of market volatility risks.