BSC-based meme coin Lobster saw a sharp round trip over two days, according to GMGN market data cited by BlockBeats. The token rose 250% yesterday and briefly reached a market capitalization of $112 million before falling 75% today, returning to roughly its original level. Its current market capitalization was reported at $29.4 million.
On-chain tracker Lookonchain also flagged a trade by 58bro.eth (@0x58bro). The address withdrew 3.55 million Lobster tokens from Gate 21 hours ago at a price of $0.085, valued at $301,000 at the time. It then deposited the tokens back to Gate four hours ago at $0.028. Lookonchain said the address lost $200,000 in less than 20 hours.
The move highlights the speed and volatility of price swings in meme coins on BSC, with both market capitalization and individual trading results changing sharply within a short window.
BSC meme coin Lobster posted a sharp reversal over two days, according to GMGN market data cited by BlockBeats on Oct. 2.
The token rose 250% yesterday and briefly reached a market capitalization of $112 million. It then fell 75% today, returning to roughly its original price level. Its current market capitalization was reported at $29.4 million.
58bro.eth recorded a $200,000 loss in less than 20 hours
Lookonchain said 58bro.eth (@0x58bro) withdrew 3.55 million Lobster tokens from Gate 21 hours ago at $0.085, with the position valued at $301,000 at the time.
Four hours ago, the address deposited the tokens back to Gate at $0.028. According to Lookonchain, the trade resulted in a $200,000 loss in less than 20 hours.
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