Labubu Token (LABUBU) is a community-driven meme coin built on the Solana blockchain. It is inspired by the popular Labubu collectible toys created by Hong Kong artist Kasing Lung and distributed by Pop Mart. Labubu Coin aims to serve as a digital counterpart to these physical collectibles, allowing global fans to participate in the cultural phenomenon even when physical toys become scarce.
Its primary goal is to provide an alternative for fans who cannot obtain physical Labubu toys due to retail shortages. The project seeks to merge collectible culture with blockchain technology, fostering a decentralised and engaged community.
Labubu Coin operates on the Solana blockchain, utilising the SPL token standard. Solana’s infrastructure supports high transaction speeds (up to 65,000 transactions per second) and low fees, making it suitable for scalable digital asset ecosystems.
It employs Solana’s hybrid Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms, with the Tower BFT (Byzantine Fault Tolerance) algorithm optimising network security and efficiency. While Labubu supports smart contracts via Solana’s Program Library (SPL), no specific decentralised applications (dApps) have been highlighted to date. Currently, no official whitepaper has been published for Labubu Coin.
Labubu Coin has several emerging use cases:
Relevant industries include:
Although Labubu Coin draws directly from the Labubu IP, there is no formal partnership disclosed with Pop Mart or Kasing Lung.
Labubu Coin was launched in October 2024 via the Pump.fun platform, coinciding with a temporary halt in Pop Mart's physical toy sales. Shortly after launch, the token experienced a significant price surge of 5,934%.
Key milestones include:
As of June 2025, Labubu Coin maintains its original Solana-based infrastructure, with no major technical upgrades reported. The token’s market valuation remains volatile, showing a $35 million market cap and a trading price of $0.00007894 in June 2025.