Lobster / $0.04856 -25.81% - The one who’s already cooked
$龙虾 small lobster $0.04856 -25.81% changed from spicy crayfish to clear soup shrimp 🦞💀
Project profile: King of the Chinese meme—small lobster in the crypto world. Yesterday it was the top spot for late-night snacks, and today it’s been dumped into the trash.
Data: Current price $0.04856, 24h high $0.07032 low $0.02515, trades 16.89B lobsters / 627.85M USDT. The volume is really huge, and the haircut is really brutal. Today -7.28%, 7 days -56.25%, 30 days -32.97% — before that, the “90 days +281%” and “180 days +609%” claims were all funeral photos meant for the bag-holders. Look at the chart: from the 16th to the 21st it consolidated and formed a top at $0.20; on the 22nd, a big bearish candle smashed it from $0.29 down to $0.15; after that it kept sliding lower all the way to $0.02. On October 2nd it tried to fake its death and bounce to $0.10, and today it was slapped back to $0.048. That 21M volume candle was the last struggle.
Toxic review: Don’t call it lobster—call it shredded Chinese chives (for the bears). And 41% of the bulls are still waiting for $0.30? Wait for the next life.
#龙虾 #MemeWatch2024