Chinese meme coin 'Lobster' short-term market cap exceeds $100M, reaches new high

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The Chinese meme coin 'Lobster' reached a new high on September 5, with its market cap briefly exceeding $100 million. It is now at $98.33 million, up 34.54% in the past 24 hours. Despite the surge, trading volume for the token remained low at $2.6 million. Price volatility remains elevated, and investors are advised to proceed with caution.

BlockBeats report, September 5: According to GMGN market data, the Chinese meme coin "龙虾" briefly reached a market cap of $100 million and is currently trading at $98.33 million, with a 24-hour increase of 34.54%, setting a new all-time high.


It should be noted that although its market capitalization has surged, the 24-hour trading volume of "Lobster" is only $2.6 million. BlockBeats reminds users that the price of related tokens is highly volatile, and investments should be made with caution.

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