"Lobster" token plunges 75%and returns to its original price; trader loses money in less than 20 hours 200000 USD
BIBIBI
AT A GLANCE
BSC The Meme coin "Lobster" surged 250%and then plunged 75%, currently reporting a 29400000 USD market cap.
Article
Meme coin "Lobster" rose yesterday 250%then crashed today 75%returning to its original price
BlockBeats news,October 2, according to GMGN market data,BSC the Meme coin "Lobster" on rose yesterday by 250%, briefly reaching a 112000000 USD market cap, after which the Meme coin crashed today by 75%returning to its original price, currently reporting a 29400000 USD market cap.
According to Lookonchain monitoring, 58bro.eth（@0x58bro)21 hours ago withdrew at a price of 0.085 USD from Gate 3550000"Lobster" tokens (worth 301000 USD), then 4 hours ago deposited them back into Gate at a price of 0.028 USD within less than 20 hours, incurring a loss of 200000 USD.
Original link https://m.theblockbeats.info/flash/370069
Key points
01
BlockBeats reported that October 2 according to GMGN market data,BSC the Meme coin "Lobster" on rose yesterday by 250%。
02
reported that "Lobster"'s market cap briefly reached 112000000 USD, then crashed today by 75%and returned to its original price, currently reporting a 29400000 USD market cap.
03
According to Lookonchain monitoring, 58bro.eth（@0x58bro)21 hours ago withdrew from Gate 3550000"Lobster" tokens, at a price of 0.085 USD and a value of 301000 USD。
04
According to Lookonchain monitoring, 58bro.eth then, 4 hours ago, deposited the tokens back into Gate at a price of 0.028 USD.
05
The original text stated that 58bro.eth lost 20 within less than 200000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news describes the market action of "Lobster" first surging sharply and then plunging within a short period. Market capitalization is an estimate obtained by multiplying the market price by the circulating supply; a decline in market capitalization from its peak reflects a sharp change in its market price. The report also lists records of an address withdrawing tokens from Gate and subsequently depositing them back into Gate, and states that the address consequently incurred a loss.
Why it matters to readers
surged over a short period 250%and then fell 75%, indicating that the token's price is highly volatile. Even buying after a rise can result in substantial paper or realized losses within a very short time.
Beginners should note that a sharp rise does not mean the price will continue to rise; Meme coin short-term volatility can be extremely severe. The transactions of a single address in the report do not represent all holders or subsequent market trends.
Risks and unknowns
The market data and on-chain monitoring information were both relayed by the report, and the original text provided no independent verification results.
The original text did not give the specific token price corresponding to "returning to its original price."
The original text did not state the true identity of 58bro.eth
The original text stated that depositing back into Gate resulted in a loss of 200000 USD, but did not specify whether the tokens had been sold or the basis used to calculate the loss.
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The original text did not provide information on the token's subsequent price, trading volume, liquidity, or project fundamentals.
Related concepts
Meme Coins
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