# Speculative Bubble

The Cooling Effect: China’s LABUBU Fridge Craze Meets Market Reality

The market for Pop Mart’s limited-edition LABUBU refrigerator has experienced a sharp correction after secondary prices reached nearly 90,000 RMB. This volatility underscores the speculative frenzy surrounding Chinese designer toy IPs and the risks of the 'scarcity economy' in the home appliance sector.