Labubu Meme Coin Shows Brands Merging With Blockchain, But Will The Token Catch On?

Labubu has evolved from a picture-book character and Pop Mart status symbol into a Solana meme coin that has surged 40-fold and raised $42 million. Observers compare it with Pudgy Penguins as analysts weigh its community launch, cultural pull and the challenge of sustaining memecoin momentum.