The meme coin "Lobster" market cap surpasses $14 million, rising 26% in 24 hours

BlockBeats news, June 16, according to data, the Chinese-language Meme coin "Lobster" on the BSC chain has been rising continuously since the beginning of this month, with today's market cap surpassing $14 million to reach a new two-month high. The 24-hour gain is 26%, with trading volume over the same period reaching $1.3 million, and the cumulative increase for the month has reached 133%.

BlockBeats note: Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and generally lacks real value or use cases. Investors should be cautious of risks.