BiyaPay Analyst: Hong Kong stocks Meme double kill! Pop Mart falls over 5%, LABUBU big dump 20%

BlockBeats news, on June 20, the Hong Kong stock market and the Meme coin market experienced a correlated decline. Pop Mart (HK.9992) saw its stock price plummet by 5.15%, currently reported at 235.8 Hong Kong dollars, having pulled back over 16% from its historical high. Meanwhile, the Meme coin LABUBU, based on its trendy toy IP, saw its market capitalization fall below 28 million USD, dropping 20.4% within 24 hours, with sentiment quickly cooling off. BiyaPay analysts point out that this type of "coin-stock correlated pullback" may indicate a short-term risk release, but for experienced traders, it also presents a potential opportunity—whether shorting Pop Mart's Hong Kong stock or executing reverse operations in the crypto world, flexible trading can be achieved using USDT. Join BiyaPay now to seize trading opportunities brought by market fluctuations: 1. Support quick participation in Hong Kong and US stock trading with USDT, shorting allowed, no need to open an Offshore Account. 2. Support the exchange and trading of over 200+ encryption assets like BTC, ETH, with zero fees on spot and contract open orders. 3. Support USDT exchange to USD, HKD, SGD, EUR, and other 30+ fiat currencies, with international remittance credited quickly and zero freeze on withdrawals. The market is fluctuating, and opportunities are in hand. Use USDT for shorting, safe withdrawals, and investments on BiyaPay.