BlockBeats News, August 26, according to GMGN monitoring, the Chinese BSC Meme coin "Lobster" saw its market capitalization exceed $48 million this morning, reaching a new all-time high, and has now retraced to $39 million. It recorded a 24-hour price surge of 49.1% with a trading volume of $5.5 million during the same period.

BlockBeats Note: Meme coins are highly volatile, mostly driven by market sentiment and hype, lacking actual value or use cases. Investors should be aware of the risks involved.