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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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LABUBU (LABUBU SOL) fell 12.17% in the last 24 hours.
Gate News Bot message, August 1st, according to CoinMarketCap, as of the time of writing, LABUBU (LABUBU SOL) is currently priced at $0.01, down 12.17% in the last 24 hours, with a high of $0.01 and a low of $0.01. The current market capitalization is approximately $7.04 million, a decrease of nearly $975,800 compared to yesterday. It is currently ranked 1243rd in the global Crypto Assets market capitalization.
LABUBU recent important news:
1️⃣ New Trading Platform Launched LABUBU has successfully launched on Gate's Alpha platform, a move that will bring it wider exposure and liquidity, potentially attracting more investors to participate in trading. However, the opening of new trading pairs may also trigger a short-term market repricing, leading to increased price volatility.
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 demonstrates the company's active efforts to protect its intellectual property, which is beneficial for maintaining the brand value of LABUBU. In the long term, this may 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 recently experienced significant volatility. In the past week, LABUBU saw 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 sharply declined, with a 24-hour drop of 12.17%, and the market capitalization has shrunk to 7.04 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, the price of LABUBU has quickly pulled back after a significant rise in the short term and is currently looking for new support levels. Investors should closely monitor the price movements in the coming days to assess whether signs of stabilization will emerge.
This message is not intended as investment advice; investors should be aware of market volatility risks.