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Pop Mart is essentially a highly centralized public chain. Artists and new IPs will want to launch on it. Comparing LABUBU to BOME, Pop Mart is like SOL. As for how to value SOL or how it will perform in the future, it’s hard to calculate precisely. But conversely, if you recognize emotion, consensus, and dissemination—and believe in this chain—then perhaps the best approach is to buy at emotional lows and sell at emotional highs, riding the major waves.

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