A $龙虾 coin saw a sharp rise of 244% in a short time, before collapsing by 73%. $ETH

On-chain data: user 58bro.eth withdrew 3.55 million worth of $龙虾 tokens valued at $301K from the Gate platform at a price of $0.085 about 21 hours ago, then re-deposited them on the platform at a price of $0.028 about 4 hours ago.

Result: an estimated loss of around $200K in less than 20 hours.

Reminder: Sharp fluctuations in crypto can wipe out gains quickly. Risk management is essential.

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