? The world is going crazy not only over crypto, but also over cute vinyl critters. The market cap of Chinese company Pop Mart, maker of the popular collectible toy Labubu, has reached $41 billion.
For comparison: Dogecoin, the cult meme-coin featuring a Shiba Inu, currently sits at $39.6 billion.
If Labubu were a crypto project, it would rank 8th globally – just behind USDC and ahead of DOGE. Plot twist of the day.
? What does it mean?
- Pop culture and collectibles are riding the hype wave just like blockchain.
- Massive demand can boost valuations sky-high – even without tokens.
- And sometimes, investing in cuteness pays off just as much as meme coins.
Invest wisely – and always check who’s behind the hype: the doggo or the bunny. ?
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