The Solana-based meme coin Lobstar experienced a significant surge, climbing over 35% in a short period and reaching a market cap peak of $6.6 million. Currently, Lobstar is trading at a market cap of $5.8 million, marking a 69% gain over the past 24 hours. The trading volume for Lobstar reached $1.5 million, reflecting heightened market activity. Meme coins like Lobstar are known for their extreme volatility, driven by market sentiment and hype.