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LABUBU (LABUBU SOL) fell 16.07% in the last 24 hours
Gate News Bot news, August 6, according to CoinMarketCap data, as of the time of writing, LABUBU (LABUBU SOL) is currently priced at $0.01, with a 16.07% fall in the last 24 hours, reaching a high of $0.01 and a low of $0.01, with a 24-hour volume of $7.36 million. The current market capitalization is approximately $7.51 million, a decrease of about $1.4369 million compared to yesterday.
LABUBU recent important news:
1️⃣ Market Fluctuation The price of LABUBU token has experienced significant volatility over the past week. From August 1 to August 6, its price fell from $0.01 to $0.01, with a decline of 16.07%. The market capitalization shrank from $8.04 million to $7.51 million, a decrease of approximately $530,000. This notable price fluctuation reflects the instability of market sentiment, which may be related to short-term speculative behavior.
2️⃣ volume surge Despite the price fall, LABUBU's 24-hour volume reached 7.36 million USD, almost approaching its current total market capitalization. This phenomenon indicates that, despite the price decline, the market's trading interest in LABUBU remains at a high level, which may suggest intense competition between buyers and sellers at the current price level.
3️⃣ Brand value under attention Recently, Pop Mart has filed a lawsuit against 7-Eleven in the United States for counterfeiting LABUBU dolls, indicating that the company is actively protecting its intellectual property. This move is beneficial for maintaining the brand value of LABUBU and may enhance investor confidence in the long term, but the short-term impact on the token price remains to be seen.
From a technical perspective, LABUBU's price is in a clear downtrend. Investors should closely monitor the price movements in the coming days, especially whether support will form around the current price level. Meanwhile, the combination of abnormally high volume and falling prices may indicate a change in market sentiment.
This message is not intended as investment advice; investors should be aware of market volatility risks.