Meme coin 'Lobster' reaches record market cap of $170 million

Data from GMGN indicates that the meme coin "Lobster" saw a surge in market capitalization, briefly exceeding $170 million to hit a new all-time high. The token is currently valued at $154 million, reflecting a 24-hour increase of over 117%. Investors are reminded that meme coins are subject to significant price volatility.