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The Labubu craze has swept the globe, not only triggering a rush for trendy toys but also igniting the popularity of the eponymous MEME coin $LABUBU. With the launch of the third-generation product, the boost from celebrity effects, and the spread through social media, this MEME coin's market value skyrocketed to $18 million in a week, becoming a model of the integration of Generation Z culture and the crypto market.