Meme Coin 'Lobster' Sees Significant Surge on BSC Chain

The meme coin 'Lobster' on the BSC chain has experienced a notable increase in value. According to BlockBeats On-chain Detection, the coin's market capitalization reached $9 million as of June 3, with a 24-hour increase of 31%. During the same period, trading volume amounted to $950,000. Meme coins are known for their high volatility, often driven by market sentiment and speculative concepts, lacking intrinsic value or practical use cases. Investors are advised to be cautious of the associated risks.