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As a crypto analyst who’s seen more market cycles than most NFTs have layers, I couldn’t resist dissecting Bank of America’s wild comparison between Labubu (the 'Gen Z茅台') and actual Moutai. Spoiler: one gets you liked on TikTok, the other gets you promoted in China Inc. Here’s why their $275 price target for Pop Mart hinges on whether collectors will still care about these vinyl dolls when the next Web3 pet rock drops.