Lookonchain said LOBSTER surged 244% in a short period and then dropped 73%, setting up a sharp round-trip for trader 58bro.eth. According to the on-chain tracker, 58bro.eth (@0x58bro, 0xc24...8d2) withdrew 3.55 million LOBSTER from Gate 21 hours ago at a price of $0.085, with the position valued at about $301,000 at the time. Four hours ago, the same wallet deposited the 3.55 million tokens back to Gate at $0.028. Based on those entry and return prices, the trade resulted in a loss of about $200,000 in less than 20 hours. The move was reported by Odaily, citing Lookonchain monitoring.
Odaily reported, citing Lookonchain monitoring, that LOBSTER rose 244% over a short period and then fell 73%.
According to the post, 58bro.eth (@0x58bro, 0xc24...8d2) withdrew 3.55 million LOBSTER from Gate 21 hours ago at $0.085, valuing the holdings at $301,000 at the time. Four hours ago, the wallet deposited the same 3.55 million LOBSTER back to Gate at $0.028.
Based on those prices, 58bro.eth lost about $200,000 in less than 20 hours.
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