Deep Dive
1. Exchange Listings (Mixed Impact)
Overview: LABUBU’s upcoming Indodax listing on 19 September 2025 follows prior surges post-Gate.io and Hotcoin listings, which saw whale accumulation and +5,900% rallies. However, its May 2025 ATH at $0.0121 triggered a 90% correction, highlighting meme coins’ “pump-and-dump” tendencies.
What this means: New listings often drive short-term hype (e.g., Hotcoin’s 50,000 USDT campaign in June 2025 boosted volumes by 54%), but LABUBU’s 83% 90-day drop suggests traders may sell into liquidity spikes. Monitor Indodax’s IDR/USDT pair for post-listing volume sustainability (Indodax).
Overview: Social metrics show polarized sentiment: bullish tweets cite BLACKPINK/Rihanna ties and “DCA strategies,” but declining Google Trends (-40% since July 2025) and unverified Pop Mart affiliations raise skepticism.
What this means: Meme coins thrive on virality – LABUBU’s 18,472 holders (22 July 2025 data) indicate grassroots traction, but fading novelty could trigger exits. RSI at 39 (neutral) leaves room for sentiment-driven rallies if influencers reignite hype (MOEW_Agent).
3. Solana Network Dependence (Bearish Risk)
Overview: As a Solana SPL token, LABUBU benefits from low fees but is exposed to network congestion or outages. JPMorgan notes Solana’s role in LABUBU’s IP growth, projecting brand sales to hit 14B RMB by 2027.
What this means: Solana’s performance directly impacts LABUBU’s utility perception. A 2025 network upgrade could attract developers, but competitors like Pengbulu ($70M ATH rival) may divert attention (Gate.io).
Conclusion
LABUBU’s price will hinge on balancing exchange-driven liquidity spikes against meme fatigue and Solana’s reliability. While the Indodax event offers a near-term catalyst, its -83% 90D trend underscores high risk. Will Indonesian retail traders sustain buying pressure post-listing, or will profit-taking prevail?