Trader loses $200K on 'Lobster' memecoin in under 20 hours
- —'Lobster' token pumped 244% then dumped 73%
- —58bro.eth withdrew 3.55M tokens from Gate at $0.085, worth $301K
- —17 hours later the trader returned the tokens to Gate at $0.028
- —Loss totaled about $200K in under 20 hours
Why it matters: Another example of violent reversals in the memecoin segment, where retail traders can lose large sums within hours.
Source: PANews