TechFlow news, June 20 — According to Securities Times, Pop Mart recently restocked large quantities of the popular Labubu series during the 6·18 shopping festival, causing secondhand market prices to plummet. Data from潮play trading platform "QianDao" shows that the transaction price for a full box of Labubu 3.0 dropped by 45%, falling to the range of 650–800 yuan; the hidden variant "Benwo" fell from 4,607 yuan to 2,851 yuan, a decline of over 38%.
Following this news, panic selling emerged in the scalper market. Scalpers, who previously relied on抢order software to hoard stock and resell at premiums of 10 to 30 times, suffered heavy losses. Meanwhile, the namesake meme coin dropped more than 30% within the day, with market capitalization falling to 28 million. Today, Pop Mart (09992.HK) continued to correct, opening down 12.2%.
