Meme coin ‘Lobster’ market cap briefly exceeds $48M, up 62% intraday

The sharp intraday spike in Lobster's market cap underscores how meme tokens remain a hotbed for fast, sentiment-driven capital flows, even as broader market attention shifts toward utility assets. The brief nature of the peak suggests volatility is the defining trait here, with liquidity likely thin and prone to reversal. For market watchers, the key question is whether such moves attract sustained retail participation or remain isolated bursts, which would signal how durable meme-coin speculation is in the current cycle.