BlockBeats News, September 5th, according to GMGN data, the Chinese meme coin "Lobster" briefly exceeded a $1 billion market cap, currently trading at $98.33 million, with a 24-hour price surge of 34.54%, reaching a new all-time high.

It is worth noting that despite the substantial market cap, the "Lobster" only had a 24-hour trading volume of $2.6 million. BlockBeats reminds users that the price of the related token is highly volatile, and user investments should be cautious.