Deep Dive
1. Exchange Campaigns (Bullish Impact)
Overview: Hotcoin’s LABUBU Deposit & Trade Campaign offers a $50K USDT prize pool, incentivizing users to trade LABUBU spot and futures with volume-based rewards.
What this means: Such campaigns often trigger short-term demand spikes as traders chase rewards, explaining the 24h volume increase to $8.54M (+0.46% vs prior day). However, these gains may reverse post-event if participation declines.
What to look out for: Campaign end date (June 24, 2025) and whether volume sustains afterward.
2. Meme Coin Dynamics (Mixed Impact)
Overview: LABUBU’s 30-day rally of 101.9% aligns with its identity as a high-volatility meme token, amplified by its Pop Mart-inspired branding and lack of institutional backing.
What this means: Meme coins often surge on retail momentum rather than fundamentals. The 24h Fear & Greed Index at 40 (neutral) suggests speculative interest hasn’t reached euphoric levels yet, leaving room for volatility.
What to look out for: Sudden whale sell-offs – the token’s $4.03M market cap remains vulnerable to large trades.
3. Technical Rebound (Neutral Impact)
Overview: LABUBU’s 7-day RSI of 37.86 neared oversold territory before the 24h bounce, while its price ($0.00403) sits below the 23.6% Fibonacci resistance at $0.00488.
What this means: The modest rebound reflects traders capitalizing on oversold conditions, but the MACD histogram (-0.00010057) signals lingering bearish momentum.
What to look out for: A sustained break above $0.00488 could signal renewed bullish momentum.
Conclusion
LABUBU’s 24h gain stems from exchange-driven speculation and meme coin volatility, though technicals suggest fragility. Key watch: Can trading volume hold above $8M post-campaign, or will profit-taking erase gains?