BiyaPay Analyst: Hong Kong Stock Meme Double Kill! Pop Mart Drops Over 5%, LABUBU Plunges 20%

BlockBeats News, June 20, the Hong Kong stock market and the Meme coin market experienced a linked downturn. Pop Mart (HK.9992) today's stock price plummeted by 5.15%, now at 235.8 Hong Kong dollars, a retreat of over 16% from its historical high. At the same time, the Meme coin LABUBU, based on its trendy IP, saw its market value drop below 28 million U.S. dollars, plunging by 20.4% in 24 hours, with sentiment quickly cooling off.

BiyaPay analysts pointed out that this kind of "coin-stock linked pullback" may indicate the release of short-term risks, but for experienced traders, it is also a potential opportunity—whether shorting Pop Mart Hong Kong stocks or positioning in the coin circle for a reverse operation, both can be achieved through USDT for flexible trading.

Now come to BiyaPay and seize the trading opportunities brought by market fluctuations:

1. Support quick participation in Hong Kong and U.S. stock trading with USDT, support shorting, no need to open an offshore account.

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When the market fluctuates, the opportunity is in your hands. Short with USDT, secure withdrawals, and investments, all on BiyaPay.