Key takeaways
- Litecoin Mascot (LESTER) reached a market cap of $90 million within 48 hours of its launch.
- LESTER obtained stock market listings and saw a 700% price increase after launch.
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A new Solana-based meme token, Litecoin Mascot (LESTER), just reached a market cap of $120 million within 48 hours of its commercial launch, according to data from GeckoTerminal.
In its first 10 hours of trading, LESTER reached a market capitalization of $40 million with a trading volume of over $62 million.
The token’s price surged over 700% in the past 24 hours, with daily trading volume exceeding $164 million. LESTER has secured listings on crypto exchanges including Gate.io.
LESTER was launched on the pump.fun platform after the Litecoin account humorously declared itself “memecoin” amid a recent meme coin rally.
Due to current market conditions, I now identify as a memecoin.
– Litecoin (@litecoin) November 14, 2024
In response to Litecoin’s playful announcement, the account for Dogecoin, a well-known memecoin featuring the Shiba Inu dog mascot, offered its support by suggesting the creation of Litecoin-themed memes to help solidify its news. identify. Dogecoin even proposed the idea of creating a “chibi mascot” for Litecoin.
Gregone of the best meme accounts on X, joined the fun, creating a simple stick figure meme with the Litecoin logo as the head and naming the character “Lester”.
Here they are pic.twitter.com/hTnjuFUYMC
-Greg (@greg16676935420) November 14, 2024
Lester
-Greg (@greg16676935420) November 14, 2024
Although not officially associated with the Litecoin team, LESTER has gained momentum thanks to social media interactions between Litecoin, Dogecoin and Greg, as well as enthusiastic responses from the crypto community and crypto enthusiasts. memes.
Litecoin’s native token, LTC, also saw price and volume increases following these trades.
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