Gate News reports that on March 10, according to on-chain data monitoring platform, the meme coin “Lobster” on the BSC chain briefly surpassed a market cap of $20 million, reaching a new high. The market cap retreated slightly after hitting a peak of $20.5 million, currently at approximately $18.3 million, with a price of about $0.0183. The 24-hour increase was 110%, with a trading volume of $12.8 million during the same period.
The top trader by holdings (address 0x53d) built their position at an average price of $0.0026, with an unrealized profit of $388,000 (184%), and a position size of $490,000. This address partially reduced their holdings three days ago, but after the market cap broke $10 million today, they continued buying. As of an hour ago, they were still increasing their position.
Meme coin trading is highly volatile, often driven by market sentiment and hype, with no intrinsic value or practical use. Investors should be cautious of the risks.
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