Event:
A fairly old memecoin is tearing the markets with its performance today. $LABUBU has proven an increase of 131% within the last 24 hours, and its capitalization hit $19.7 million. The majority of analysts are lost with such sudden growth.
Pump review:
Upon review of all the token assets, our analysts identified some of the very vital things that could have easily resulted in a huge pump. Such things affected the shilling within some of the social networks, which led to a huge hype around the token and, as a result, a corresponding pump.
$LABUBU community:
Looking at the reaction of the token community, it is very easy to understand that it is not active, but even with such a crowd, the $LABUBU team managed to hit some highs. Today we would characterize the community as very loyal, a bit lazy, but powerful, which in fact is being reflected in action.
$LABUBU Team:
From the team's conduct, our analysts knew that they are also professionals like their competitors, and don't specifically do anything out of the ordinary. Their most important announcements take place on time, on schedule, which is what they contribute to the pump.
Future realities:
Having verified the chart from day one, we believe that the token will be +- at the same price, maybe it will dump slowly. If the team doesn't begin taking even more significant steps, they risk going through a slow devaluation of the shilling.
Conclusion:
$LABUBU is a quite bizarre memecoin, which you can now read about literally from all irons. Its future pumps/dumps are in the hands of the team and the community alone. We keep an eye on the news around $LABUBU.
This article is not investment advice!
