Labubu硬幣悄悄地推出，試圖繞過時尚的中國玩具品牌Labubu的流行浪潮

一種名為Labubu Coin的新加密貨幣已在多次交流上悄悄地推出，以試圖繞過時尚的中國玩具品牌Labubu的流行浪潮。

A new cryptocurrency called Labubu Coin (LABU) has been launched on a number of exchanges in an attempt to capitalise on the stifling heat in the meme coin market this year and the popularity of the trendy Chinese toy brand Labubu.

已經在多次交流上推出了一種名為Labubu Coin（Labu）的新加密貨幣，以試圖利用今年Meme Coin Market中令人窒息的熱量以及時尚的中國玩具品牌Labubu的受歡迎程度。

However, the token’s price has fluctuated wildly, losing 87 percent of its value at one point, and industry insiders warn that the hype is quickly burning out.

但是，代幣的價格急劇上升，在某一時刻損失了其價值的87％，行業內部人士警告說，炒作很快就消失了。

It is not unusual in the crypto world for coins to be launched by piggybacking on hot events or popular culture. But industry insiders warn that the Labubu Coin is a classic case of crypto speculation and that it is essentially worthless.

在加密貨幣世界中，通過在熱門事件或流行文化上發起的硬幣並不罕見。但是行業內部人士警告說，Labubu硬幣是加密猜測的經典案例，這本質上是毫無價值的。

“This is a scam, similar to pyramid schemes,” one crypto industry insider told Yicai Global.

一位加密貨幣行業內部人士告訴Yicai Global：“這是一個騙局，類似於金字塔計劃。”

Labubu Coin started trading at USD0.04429 on its first day, then surged as much as 98.37 percent, before crashing just as fast and plunging to as low as 34.18 percent from the opening price, according to data from crypto tracking site CoinMarketCap.

根據Crypto Tracking Site CoinmarketCap的數據，Labubu Coin的第一天開始以0.04429美元的價格交易，然後飆升多達98.37％，然後崩潰的速度也一樣快，下降到開盤價高達34.18％。

Over the next 16 trading days, Labubu Coin’s price continued to to-and-fro dramatically. Investors who bought at the peak on May 30 would have faced a loss of 87 percent by June 4.

在接下來的16個交易日中，Labubu硬幣的價格繼續急劇出現。 5月30日在峰值購買的投資者將在6月4日面臨87％的損失。

Labubu Coin is not issued by Pop Mart (HK:2448), the toy’s copyright owner, but by a group of community-driven developers, according to its promotional webpage.

根據促銷網頁，該玩具的版權所有者Pop Mart（HK：2448）並非由Pop Mart（HK：2448）發行Labubu Coin。

Instead, Labubu Coin is simply taking advantage of the market hype, said Yu Jianing, co-chair of the Blockchain Committee of the China Communications Industry Association. It is leveraging the Labubu character’s high popularity and strong influence in the designer toy circle to attract attention and funds. But the sharp price drop after the initial surge is a classic pattern of buying then dumping.

中國通信行業協會區塊鏈委員會聯合主席Yu Jianing說，相反，Labubu硬幣只是利用市場炒作。它利用Labubu角色在設計師玩具圈中的高知名度和強大的影響力來吸引註意力和資金。但是，初次激增後的價格下降是一種經典的購買模式，然後傾倒了。

“This is clearly a marketing stunt,” the crypto industry insider said. Interest in the project has dropped significantly in just two weeks, he said, adding that such coins are largely viewed negatively in the industry. Labubu Coin’s market value had plunged 18 percent from its peak to USD45 million as of 8 p.m. yesterday.

加密行業內部人士說：“這顯然是一個營銷特技。”他說，對該項目的興趣在短短兩週內就顯著下降，並補充說，這種硬幣在行業中在很大程度上受到了負面看法。截至昨天晚上8點，Labubu Coin的市場價值從高峰期跌至4500萬美元。

Issuing tokens by capitalising on viral trends or pop culture is common in the crypto world and these are often referred to as ‘meme coins.’ Their value depends entirely on generating attention among the public. For example, in January both Donald and Melania Trump released their own tokens, namely the Trump Coin and the Melania Coin.

在加密世界中，通過資本化病毒趨勢或流行文化來發放令牌，通常被稱為“模因硬幣”。它們的價值完全取決於在公眾之間引起人們的關注。例如，唐納德（Donald）和梅拉尼亞·特朗普（Melania Trump）在一月份都發布了自己的代幣，即特朗普硬幣和梅拉尼亞硬幣。