Meme Coin 'Lobster' Market Cap Surpasses $20 Million Briefly, with $12.8 Million in 24-hour Trading Volume

BlockBeats News, March 10th, according to GMGN monitoring, the BSC Chain Chinese Meme "Lobster" briefly exceeded a market value of 20 million U.S. dollars, hitting a new high. The market value has retraced since reaching a peak of 20.5 million U.S. dollars, currently standing at 18.3 million U.S. dollars with a price of about $0.0183. The 24-hour price surge reached 110%, with a trading volume of 12.8 million U.S. dollars during the same period.

The current top holder trader (0x53d) opened a position at an average price of $0.0026, with an unrealized gain of 388,000 U.S. dollars (184%) and a position size of 490,000 U.S. dollars. This address partially reduced its position three days ago, but has continued to buy after the market value exceeded 10 million U.S. dollars, and was still adding to the position as of 1 hour ago.

BlockBeats Note: Meme coins experience huge price fluctuations, heavily rely on market sentiment and concept hype, have no actual value or use case, and investors should be aware of the risks.