LOL!
Is this the stuff toy that looks like a monster that's been hyped lately and being endorsed by influencers? So, from the stuff toy to this memecoin.
Believe me or not, it will be going down again in matter of time. Maybe, a month of a week.
That's to be expected. Tokens like this are bound to go down when most of the devs of it or the early adopters or investors have already made a lot of cash. And when that happens, they're out and will never come back and a total abandonment to labubu.
Labubu stuff toy is outdated and maybe they are trying to penetrate its fame on cryptocurrency scene then think about gaining lots of money from the people who got hype with it.
But looks like they won't get the same hype again and this token will perform the same as other shitcoins got dumped especially if the dev is done taking their profit also the investors start to abandon their token or project.
Better for people to avoid this shitcoin since for sure that they would just lost their money on this token.
If this is what they're doing, they're quite late. The trend and hype was already gone, the peak was already met and I don't think that it will be back to that height. These hypes that these devs are trying to get into is not that good at all. Although the obviousness of these projects when they were made, the timing isn't even perfect at all. Yeah, I agree that it's best to avoid these type of shitcoins because they're just going to suck up people's hard earned money and those that are into this, they're also going to quit eventually for repeating their mistakes for chasing the wrong projects.