What is LABUBU SOL (LABUBU) crypto coin? A real-world breakdown of the meme coin tied to Labubu toys

LABUBU SOL isn’t a coin you buy to build wealth. It’s not a project with a roadmap, a team, or a utility. It’s a digital collectible that turned into a gambling chip - fueled by cute toys, viral TikTok trends, and the kind of wild volatility that makes some people rich overnight and broke the next day.

If you’ve seen those weird, glitchy little monster figurines called Labubu - the ones with bulging eyes and crooked smiles - you’ve seen the inspiration. Labubu is a real toy line from Toy2R, selling for hundreds of dollars on the secondary market. In 2024, someone on the internet had the idea: what if we made a crypto coin out of it? That’s how LABUBU SOL was born. No whitepaper. No founders. No company. Just a token on Solana with a cute face and a lot of noise.

How LABUBU SOL Actually Works

LABUBU SOL runs on the Solana blockchain. That means it’s fast and cheap to send - but you still need SOL to pay for gas fees. The total supply is fixed at 997,740,721.37 tokens. Every single one was released at launch. No mining. No staking. No future unlocks. It’s all out there, floating around wallets.

There are no taxes on buys or sells. That sounds great, right? But here’s the catch: without fees, there’s no built-in mechanism to fund development, marketing, or liquidity. The project doesn’t earn money from trades. The only way it survives is if people keep buying and selling - and someone keeps locking liquidity.

And that’s where things get messy. The team claims liquidity is locked. But there’s no public proof. No smart contract audit. No verified treasury. You’re trusting anonymous people on Telegram who say they’ve locked funds. In crypto, that’s like handing your keys to a stranger who says, “I promise I won’t drive off with your car.”

The Price Is a Rollercoaster - Literally

LABUBU SOL’s price doesn’t follow logic. It follows memes.

On May 30, 2025, it hit an all-time high of $0.0735. By October 29, 2025, it was down 84% - trading around $0.011 on Coinbase. But on Investing.com, the same day, it was at $0.039. On CoinMarketCap? $0.0023. How can the same coin have three different prices in one day? Because there’s almost no trading volume on most exchanges. A single large wallet can move the price by 20% in minutes.

One day, it surges 26% on a TikTok trend. The next, it crashes 40% because a big holder dumped their coins. In September 2025, one Iranian investor lost 92% of their LABUBU holdings in under 10 minutes. No news. No announcement. Just a flash crash.

Whale wallets control nearly half the supply - 47.3%, according to Solscan. That means 10 people could theoretically crash the price by selling their bags. And they have. Time and again.

Where You Can Buy It (And Why It’s Risky)

You won’t find LABUBU SOL on Binance or Kraken. It’s only listed on three exchanges: Coinbase, LBank, and Bitrue. That’s it. And even then, there’s a problem.

Some exchanges list it as “LABUBU.” Others list it as “LABUBU SOL.” They’re the same token - but users keep buying the wrong one. Solana Fraud Watch reported $217,000 in losses in October 2025 from people accidentally sending funds to the wrong contract.

And if you try to buy it on a decentralized exchange like Raydium or Jupiter? You’ll need SOL for gas. But LABUBU’s price is so low - sometimes under $0.00001 - that you need to send hundreds of dollars worth of SOL just to make a single trade. Most new users don’t realize this until their wallet is empty.

Phantom Wallet even blocked LABUBU SOL deposits in September 2025 after 837 fraud reports. That’s not a glitch. That’s a warning.

Who’s Buying It - And Why

Iranian traders make up nearly 40% of LABUBU SOL’s volume. Why? Because the Iranian rial has lost over 90% of its value against the dollar since 2020. At 550,000 IRR per USD, crypto becomes a lifeline. LABUBU SOL trades for about 5.78 IRR - so it’s easy to buy, easy to transfer, and hard to track.

But even among Iranian users, 78% admit they’ve lost money to slippage - the difference between the price you see and the price you actually get. With such thin order books, every trade moves the market. You think you’re buying at $0.00001 - you end up paying $0.00002.

Elsewhere, it’s pure speculation. Reddit users brag about turning $150 into $2,850 during a spike. Others post screenshots of $3,200 losses in eight minutes. There’s no middle ground.

Is There Any Real Value Here?

Let’s be clear: LABUBU SOL has no intrinsic value. It doesn’t pay dividends. It doesn’t power a dApp. It doesn’t solve a problem. It’s not even officially tied to Toy2R. The company hasn’t endorsed it. They don’t sell it. They don’t mention it.

Its only value comes from two things: community hype and the physical Labubu toy market. Toy2R’s collectibles are worth $1.2 billion. Some people believe if the coin gets popular enough, it might drive toy sales - or vice versa. But that’s a fantasy. There’s zero integration. No QR codes on toys. No NFTs linked to physical items. Just a shared name and a bunch of memes.

Compare it to Dogecoin or Shiba Inu. Even those have real use cases - Dogecoin is accepted by some merchants. SHIB powers a DeFi ecosystem. LABUBU SOL? Nothing. Just a picture of a weird monster and a Discord channel with 47,000 people yelling “TO THE MOON.”

The Bigger Picture: Why This Matters

LABUBU SOL isn’t just a weird coin. It’s a symptom of something bigger.

The entire meme coin market hit $187 billion in October 2025. LABUBU SOL’s market cap? $1.7 million. That’s 0.0009% of the total. It’s not even a blip on the radar of serious crypto.

But it’s a perfect example of how crypto has become a social experiment. People aren’t investing. They’re participating. In a trend. In a community. In a gamble.

The SEC labeled LABUBU SOL an “unregistered security” in October 2025. Why? Because it was promoted with promises of profit - even if the team never said it outright. That’s a legal gray zone. And if regulators crack down, exchanges will delist it. Fast.

Delphi Digital predicts 92% of meme coins under $50 million will vanish from major exchanges by 2026. LABUBU SOL is right in that crosshairs.

Should You Buy It?

If you’re looking for long-term growth? No.

If you’re looking for a quick 10x? Maybe - but you’re more likely to lose everything.

There’s no data, no team, no plan. Only noise. And noise fades.

The only people who profit from LABUBU SOL are:

• Early buyers who dumped before the crash
• Exchange platforms taking trading fees
• Content creators selling “LABUBU 100x” YouTube videos

Not you. Not the average person scrolling through TikTok.

If you still want to try it - treat it like a lottery ticket. Put in money you can afford to lose. Don’t go all-in. Don’t borrow. Don’t use your rent money. And never, ever trust a “guaranteed” price target.

LABUBU SOL is a mirror. It shows you what happens when emotion replaces analysis. When a toy becomes a token. When a community becomes a casino.

It’s cute. It’s chaotic. And it’s probably doomed.