The new meme token $LABUBU is exploding in attention from China’s crypto and finance communities—not just for how well the token is doing in the market but also for the stir it’s causing among mainstream media. The token, which is based on the viral success of a hot toy IP, is doing something quite unexpected in this crypto climate: its price is going up, and its number of listings is rising too. Meanwhile, there’s a huge mainstream media warning going out from China saying to investors that this is a dangerous token. Specifically, a Chinese business news outlet called YICAI
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