Labubu's price has plummeted in the second-hand market.

On June 18th, the official Pucky Mart mini program started sending restocking notices for the Labubu blind box series, with a large number of items being released in e-commerce live streaming rooms. That evening, many consumers shared their pre-sale orders on social media platforms. Due to the official restocking, the price of Labubu in the second-hand market plummeted. Data from a trendy second-hand trading app shows that the repurchase price of Labubu 3.0 whole set dropped from 1500 yuan to 2800 yuan to 650 yuan to 800 yuan. Previously, some scalpers relied on sniping apps to hoard goods and sell them at more than 10 times the original price, but the official large-scale restocking broke the scarcity expectation, leading to a sell-off in the market.