Hey crypto enthusiasts! Let's take a closer look at the LABUBU token, specifically the one chilling out on the Base chain. If you've been anywhere near the world of art toys or K-pop lately, the name "LABUBU" might ring a bell. This token is another example of how meme coins love to tap into popular culture trends, this time leveraging the buzz around the quirky character created by artist Kasing Lung and produced by the Hong Kong-based company How2work, part of "The Monsters" series, and famously associated with Pop Mart.

Just a heads-up: while the token uses the name and plays on the popularity of the toy, there's usually no official link or endorsement from the original creators or brands. Meme tokens thrive on community hype and cultural relevance, not necessarily formal partnerships.

What Exactly is LABUBU on Base?

The LABUBU token we're focusing on lives on the Base chain, which is Coinbase's Layer 2 scaling solution for Ethereum. Think of Base as a faster, cheaper highway built on top of the main Ethereum network, making it a popular spot for meme tokens to hang out.

Here are the basic deets for the Base version:

• Token Name: LABUBU
• Token Symbol: LABUBU
• Contract Address: 0x5656ad5c99ea3faa9e96b3188629555ca11dde24 (BaseScan)
• Blockchain: Base (Ethereum Layer-2)
• Token Type: Likely ERC-20, as that's the standard on Base.

The token's vibe is definitely linked to the adorable-yet-eerie Labubu character from Pop Mart. This toy has a massive following, especially across Asia (Thailand, China, Korea) and the US, even getting a boost from celebrity fans like Lisa from BLACKPINK. The token is clearly trying to ride that wave of popularity.

Tokenomics and Market Snapshot

Let's peek under the hood at the numbers, keeping in mind this info is specifically for the Base version of LABUBU:

• Total Supply: 1,000,000,000 LABUBU tokens, according to BaseScan.
• Number of Holders: Around 1,584 holders, as per BaseScan data.
• Circulating Supply: Not clearly stated, which isn't uncommon for smaller meme tokens.
• Top Holders: A point of caution here – reports suggest the top 10 wallets hold roughly 16.35% of the total supply. This concentration can sometimes lead to price swings if large holders decide to sell.

Utility? Like most meme tokens, LABUBU's primary "utility" is its cultural connection and community appeal. While there's talk about potential integration with the Pop Mart ecosystem, there's no concrete evidence of this yet. For now, it's mainly a speculative asset for trading.

Liquidity and Trading:

• The main spot for trading LABUBU on Base seems to be the LABUBU/WETH pool on Uniswap V2 (Base).
• Current liquidity in this specific pool is quite low, around $3,500 USD.
• Trading volume on this pool is also very low, sometimes just a few dollars in 24 hours, with minimal transactions.

This low liquidity means it can be hard to buy or sell larger amounts without significantly moving the price (this is called slippage).

Price Context: Finding a clear, consistent price for LABUBU on Base is tricky due to the low activity. BaseScan often shows a price close to $0.00. It's important not to confuse this with LABUBU tokens that exist on other chains like Solana (which has a much higher market cap and trading volume) or Ethereum or Binance Smart Chain, which have different contract addresses and market dynamics. The market cap for the Base version isn't widely reported, likely due to its low value and volume.

You can find LABUBU listed on DEXs like Uniswap V2 (Base), Maestro Bot, and KyberSwap. It's generally not listed on major centralized exchanges like Binance.

Risks and What to Watch Out For

Investing in meme tokens, especially those with low liquidity like LABUBU on Base, comes with significant risks:

1. High Volatility: Prices can go up or down very fast based on hype or sentiment, not underlying value.
2. Low Liquidity: It might be difficult to sell your tokens when you want to without affecting the price a lot.
3. Whale Influence: The concentration of tokens in a few wallets means big holders could potentially manipulate the price.
4. Lack of Transparency: Often, these projects don't have detailed whitepapers, clear roadmaps, or public teams, making it hard to understand their long-term vision (if any).
5. Smart Contract Security: A major concern arose when a different version of LABUBU on Binance Smart Chain was exploited in December 2024 due to a flaw in its transfer logic, resulting in losses. While this specific exploit was on BSC, it highlights the potential risks in the smart contracts of meme tokens and the need for rigorous audits, as recommended by firms like QuillAudits. There's no specific report of a vulnerability for the Base contract, but exercising caution and checking for audits is always wise.
6. No Official Affiliation: Remember, the association with the popular toy is likely just for branding, not an official partnership.

Potential Upsides (Purely Speculative)

On the flip side, the appeal lies in the classic meme coin playbook:

1. Cultural Hype: The strong connection to the popular Labubu toy and celebrity endorsements could drive significant community interest and speculative buying.
2. Meme Coin Momentum: Successful meme coins can see explosive growth based purely on social trends and community-driven hype. Some online discussions suggest a potential for LABUBU to follow in the footsteps of other successful "Chinese meme coins."

How to Track LABUBU (and other Meme Coins)

If you're interested in monitoring LABUBU or diving into other meme tokens, platforms exist to help navigate the chaotic market. One such tool is GMGN.AI. It's designed to track, analyze, and trade meme tokens across various chains like Base, Ethereum, and Solana.

GMGN.AI offers features like:

• Real-time analytics and price tracking.
• "Smart Money" tracking to see what big investors are doing.
• Security checks to spot potential risks.
• Even automated trading features if you connect your Telegram (https://t.me/gmgnaibot?start=i_fV1R5sZ5).

You can find the dedicated page for LABUBU on GMGN.AI here: https://gmgn.ai/base/token/fV1R5sZ5_0x5656ad5c99ea3faa9e96b3188629555ca11dde24

Just a note: GMGN.AI charges a 1% transaction fee.

Wrapping Up

The LABUBU token on the Base chain is a meme coin clearly banking on the widespread popularity of the Labubu character from Pop Mart. While its cultural ties provide a strong narrative for community building and potential hype, the Base version currently suffers from very low liquidity and minimal trading volume. Add in the general risks of meme coins – high volatility, potential centralization, lack of clear utility, and the shadow of a past security exploit on a different chain – and it's clear that LABUBU on Base is a high-risk, speculative play.

If you're considering getting involved, please do your homework! Look for any available audits, understand the liquidity situation on the specific chain you're trading on (Base in this case), and never invest more than you can afford to lose. Tools like GMGN.AI can help you track the token, but they don't remove the inherent risks. Stay safe out there in the meme coin wild west!