Yesterday, everyone was still queuing to grab Labubu.
Today, traders have already started contemplating how to long and short it.
But what they're trading is not the dolls, but the company Pop Mart.
Binance has just launched the POPMARTUSDT perpetual contract. This gives Pop Mart, which could originally only be traded in the Hong Kong stock market, a new way to play: directly trading with USDT, supporting up to 25 times leverage.
Previously, everyone was grabbing hidden versions, now everyone is focused on K-lines.
One is grabbing blind boxes, the other is grabbing entry points.
Why specifically Pop Mart?
Many people believe Labubu's popularity has peaked.
But looking at the current data, the overseas market is still maintaining its popularity, and the company's performance and profitability have not shown obvious deterioration for now.
What the market is really worried about is: After Labubu, can Pop Mart replicate the next hit product?
If it can, the current adjustment may just be a re-pricing;
If it cannot, the valuation will naturally continue to be under pressure.
So you will see an interesting scene:
Consumers are still grabbing blind boxes, investors have already started betting on the future.
Pop Mart is increasingly resembling Crypto assets
In recent years, Pop Mart's stock price has fluctuated greatly.
The company is still the same company. What has changed is the market's expectations for it.
Previously, with a growth story, it could enjoy a high valuation.
Now the market is more concerned: how long can this story be told?
This is very similar to the Crypto market.
A new product, a wave of overseas heat, a viral social media moment, all can act as price catalysts.
When sentiment rises, funds chase. When expectations change, funds withdraw.
Transitioning to the Binance derivatives market, the gameplay has changed
For Crypto players, Pop Mart now has an additional layer of trading attributes:
It has real business income, global IP popularity, and at the same time, significant market divergence.
This type of asset is inherently prone to volatility.
The difference is: previously its price movements were observed in the Hong Kong stock market,
now its volatility can be traded directly in the Crypto market.
If you want to participate, there are a few points to note:
1. Watch key support levels
Rising depends on the story, falling depends on the funds.
If the price can stabilize with reduced volume, while overseas sales or new products continue to signal, short-term funds may flow back in.
2. Don’t turn trading into collecting
Hyped assets can be chased, but don’t get emotionally attached.
Participate when there are catalysts, withdraw when the logic changes.
3. Be aware of weekend liquidity differences
The Hong Kong stock market is closed on weekends, but the derivatives market trades 24/7.
If the price deviates too much over the weekend, there may be a quick correction after the spot market opens on Monday.
💡 In conclusion
The greatest appeal of hot assets is their volatility.
But leverage amplifies not only returns but also mistakes.
POPMARTUSDT has just been launched, and the funding rates and liquidity are still in the adjustment phase; position control is more important than directional judgment.
If you want to experience this cross-market trading method, you can check out the POPMART perpetual contract on Binance:
https://jump.do/zh-Hans/xlink-proxy?id=3
(Invitation code: aicoin668, enjoy a 10% rebate)
Finally, a reminder: you can chase the hot assets, but you must also manage the risks.
Controlling positions and setting stop-losses are always more important than guessing the direction correctly once.
Join our community to discuss together and become stronger together!
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Risk notice: This content is only a market observation share and does not constitute investment advice. The crypto market is highly volatile, please participate within your own risk tolerance.
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