Labubu collectible toy resale prices are falling sharply as supply floods secondhand platforms, cooling the speculative fever that once gripped investors and collectors. Pop Mart's stock is tumbling after revealing heavy dependence on Labubu sales, while the market wrestles with whether the craze represents peak hype or an enduring trend.
·Resale prices declining due to oversupply hitting secondhand platforms, not demand collapse
·Pop Mart stock plummeting after disclosure that most revenue derives from Labubu products
·Thousands of dollars in Labubu inventory stolen in California burglary, caught on video
·Celebrity endorsements and holiday sales promotions continuing despite broader market cooling
·Derivatives trading now available on prediction markets, betting on Labubu's future trajectory
drawn from Reuters, CNBC, Rolling Stone, Business Insider · updated 7d ago