Pop Mart Shares Drop Over 5.15% in Hong Kong, Meme Coin LABUBU Market Cap Falls Below $28 Million

According to market data, Pop Mart shares in the Hong Kong stock market fell by more than 5.15% today, with the current price at HKD 235.8, down approximately 16.8% from its historical high. According to GMGN market information, the market capitalization of the meme coin LABUBU, which is based on Pop Mart's trendy toy IP, has dropped below USD 28 million, currently standing at USD 27.89 million, with a 24-hour decline of 20.4%.