LABUBU (LABUBU SOL) fell 17.98% in the last 24 hours.

Gate News Bot news, July 29, according to CoinMarketCap data, as of the time of writing, LABUBU (LABUBU SOL) is currently priced at $0.01, having fallen 17.98% in the last 24 hours, with a highest of $0.02 and a lowest drop to $0.01. The current market capitalization is approximately $8.22 million, a decrease of about $1.8028 million compared to yesterday.

Important news about LABUBU recently:

1️⃣ New Trading Platform Launch LABUBU has successfully launched on the Alpha platform of Gate exchange. This move will bring greater exposure and liquidity to LABUBU, potentially attracting more investors to trade. However, there may be price volatility in the short term, 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 could enhance 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 price of LABUBU token has experienced significant fluctuations in the past week. On July 22, LABUBU recorded a 24-hour increase of 18.53%, with a 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 has shrunk to 8.22 million USD. This drastic price volatility 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 quickly pulled back after a significant rise in the short term and is currently looking for new support levels. Investors should closely monitor price movements in the coming days to assess whether there are signs of stabilization.

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