Meme coin "Lobster" surged 250% yesterday, then plummeted 75% today, returning to its original price.

BlockBeats news, October 2nd, according to GMGN market data, the Meme coin "Lobster" on BSC rose 250% yesterday, once reaching a market cap of $112 million. Afterwards, this Meme coin plummeted 75% today, returning to its original price, now reporting a market cap of $29.4 million.

According to Lookonchain monitoring, 58bro.eth (@0x58bro) withdrew 3.55 million "Lobster" tokens (worth $301,000) from Gate at a price of $0.085 21 hours ago, and then deposited them back to Gate at a price of $0.028 4 hours ago. Lost $200,000 in less than 20 hours.