BSC-Based Chinese Meme Coin Lobster Reaches Nearly Two-Month High in Market Cap

A Chinese meme coin on the BSC network, known as Lobster, has continued rising since the start of this month, with its market capitalization surpassing $14 million today to hit a nearly two-month high. According to BlockBeats On-chain Detection, monitoring data showed the token gained 26% over the past 24 hours, while trading volume during the same period reached $1.3 million. The report said Lobster has posted a cumulative increase of 133% so far this month. BlockBeats noted that meme coin trading can be highly volatile and often depends on market sentiment and concept-driven speculation, with no practical value or use case, and warned investors to be mindful of risks.