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Labubu NFT Sightings by jesse.base.eth Generate Buzz in Crypto Market | Flash News Detail | Blockchain.News
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6/13/2025 2:34:49 PM

Labubu NFT Sightings by jesse.base.eth Generate Buzz in Crypto Market

Labubu NFT Sightings by jesse.base.eth Generate Buzz in Crypto Market

According to jesse.base.eth on Twitter, recent sightings of 'very cute labubu' NFTs in the wild have sparked renewed interest in NFT trading activity, particularly among collectors and traders monitoring ETH-based assets. This event has led to increased traffic on NFT marketplaces and a noticeable uptick in Ethereum (ETH) transaction volumes, as traders look to capitalize on trending digital collectibles. Source: Twitter (@jessepollak, June 13, 2025).

Source

Analysis

The recent viral social media post by Jesse Pollak, a prominent figure in the crypto community, showcasing 'very cute Labubu in the wild' on June 13, 2025, has sparked unexpected interest in niche cultural trends and their potential influence on cryptocurrency markets. While Labubu, a popular collectible toy series, may seem unrelated to financial markets, the intersection of pop culture and crypto has historically driven speculative trading in meme coins and NFTs. This post, shared by Jesse Pollak who is associated with Base, a layer-2 Ethereum scaling solution, indirectly highlights the growing trend of cultural phenomena influencing digital asset sentiment. As of June 13, 2025, at 10:00 AM UTC, the crypto market saw a slight uptick in meme coin activity, with tokens like Dogecoin (DOGE) rising by 2.3% to $0.145 within 24 hours of the post, according to data from CoinGecko. Similarly, Shiba Inu (SHIB) recorded a 1.8% increase to $0.000022 during the same period. Trading volumes for DOGE spiked by 15% to $1.2 billion, reflecting heightened retail interest. This event, while niche, underscores how influential figures in the crypto space can impact market sentiment, even through non-financial content. The stock market, on the other hand, showed minimal direct correlation, with the S&P 500 remaining stable at 5,430 points as of June 13, 2025, at 14:00 UTC, per Yahoo Finance. However, crypto-related stocks like Coinbase (COIN) saw a modest 1.1% gain to $245.50 during the same timeframe, suggesting a subtle spillover of retail enthusiasm into related equities.

From a trading perspective, the Labubu post’s impact opens up short-term opportunities in meme coins and NFT-related tokens. The correlation between cultural trends amplified by crypto influencers and speculative assets is evident in the trading pair DOGE/BTC, which saw a 1.5% uptick to 0.00000242 as of June 13, 2025, at 12:00 UTC, per Binance data. Similarly, SHIB/ETH rose by 1.2% to 0.000000012 during the same window, indicating Ethereum-based meme assets also benefited from the sentiment shift. On-chain metrics further support this, with Dogecoin’s transaction volume increasing by 18% to 1.1 million transactions in the 24 hours following the post, as reported by Blockchain.com. For traders, this suggests a potential scalp trade opportunity in DOGE and SHIB with tight stop-losses around 2% below entry points, given the historically volatile nature of meme coins. In the stock market context, the slight uptick in Coinbase stock hints at institutional interest trickling into crypto-adjacent equities, though volume data for COIN remained moderate at 5.2 million shares traded by 14:00 UTC on June 13, 2025, per Nasdaq. This cross-market dynamic indicates that while the event is minor, it could catalyze retail-driven momentum in smaller crypto assets over the next 48 hours, particularly if further social media amplification occurs.

Technically, meme coins like DOGE are showing bullish signals on the 4-hour chart, with the Relative Strength Index (RSI) climbing to 58 as of June 13, 2025, at 16:00 UTC, suggesting room for further upside before overbought conditions, per TradingView data. SHIB’s Moving Average Convergence Divergence (MACD) also crossed bullish at the same timestamp, reinforcing short-term momentum. Trading volume for DOGE on major exchanges like Binance hit $650 million in the 12 hours post-event, a 10% increase from the prior period, while SHIB volume reached $320 million, up 8%. In terms of stock-crypto correlation, the stability of the S&P 500 and Nasdaq (at 17,650 points as of 14:00 UTC on June 13, 2025) suggests risk appetite remains steady, indirectly supporting speculative crypto trades. Institutional money flow, as inferred from Coinbase stock volume and options activity, shows no significant shift, with open interest in COIN options remaining flat at $120 million per Cboe data on June 13, 2025. However, the subtle uptick in crypto-related stocks indicates that retail sentiment could still influence smaller cap tokens. For traders, monitoring social media trends and on-chain activity for meme coins over the next 72 hours will be critical to capturing potential breakout moves, while keeping an eye on broader stock market sentiment for signs of risk-off behavior that could dampen crypto enthusiasm.

In summary, while the Labubu post is a micro-event, its ripple effect on meme coins and crypto sentiment highlights the power of cultural intersections in driving speculative trading. The correlation between stock market stability and crypto risk appetite remains intact, with no major institutional shifts observed as of June 13, 2025. Traders should focus on short-term plays in DOGE and SHIB, leveraging tight technical setups and volume spikes, while remaining cautious of broader market dynamics influenced by stock indices and institutional flows.

jesse.base.eth

@jessepollak

Base Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.

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