Will Lububu crash soon? 》 Let's start with the conclusion: TBH， Based on my previous experience of trading NFTs and watching friends speculate on shoes, I believe that FOMO is undoubtedly coming soon, but there is still some distance to go before reaching the peak of Labubu/Bubble Mart. Has Fomo arrived? correct One reason is that the news of auctioning a doll worth 100000 yuan is similar to the tipping point in marketing communication. I don't believe that there is no Bubble Mart market maker MM behind the scenes to assist in planning and fueling the situation. The buyers who raised their bids midway or even fell in the end may all be their own people. For example, giving money to blockchain players to use to buy a specific coin is a friendly gesture. Is it like that? Today @ Super4DeFei is still questioning whether the Labubu hanging on Lisa's previous bag was a gift from the company. I told him to just remove the word 'doubt'. Isn't this the same routine as @ yugalabs sending Curry BAYC in the early years? The input-output ratio is too high and cost-effective. Secondly, both the domestic financial sector and social media have been dominated by advocates of Labubu and Bubble Mart today. According to the rule of "selling in the midst of a bustling crowd", it has indeed reached the stage of FOMO. Have you reached the top? Maybe not yet The reason why I feel like I haven't reached the top yet is that, unlike stir frying shoes and NFTs, the main force of this trend is a company, without so many scattered attention and funds that need to be coordinated with each other. It is completely possible for one company to achieve almost 100% control of the market. On one hand, they control the shipment volume, on the other hand, they constantly engage in market speculation and produce FOMO, and on the other hand, they raise the second-hand market price. Old NFT players all know that non order book items should not be too easy to brush (which also shows that the claim that Blur killed NFTs is reasonable). For the constantly expanding market value of companies, the expenses of marketing and second-hand markets are simply too valuable, not to mention the politically significant weight of "representing Chinese culture for global export". If there is only a single exit path for both stir fried shoes and NFTs, then Labubu has much more diverse exit paths, and there is basically no need to complete them by smashing the shipment. @ thecryptoskanda's three plate theory has once again received a forced performance. Even if we were to retreat, I think it could be a gradual and orderly retreat rather than an avalanche collapse - think about how the leaders of Dongda would view such a rare cultural export icon. So: If you have already eaten a lot of Bubble Mart stocks, take profit and sell without any problems, you will always make a profit by selling. Without prior participation, buying a few to play with is fine, but now that I'm going to eat fish tail, I don't think the value rate is high enough. But if you just feel that the market voice is too loud and decide to heavily short based on the previous example of trading shoes, NFTs, and CS Go, I just want to remind you to be careful. Is your pocket really deep enough for a world-class NFT operated by a company with terrifying cash flow and even linked to some national interests?