Key Takeaways
- Litecoin Mascot (LESTER) reached a $90 million market cap inside 48 hours of launch.
- LESTER secured alternate listings and noticed a 700% value surge post-launch.
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A brand new Solana-based meme token, Litecoin Mascot (LESTER), simply hit a $120 million market capitalization inside 48 hours of its buying and selling launch, in line with information from GeckoTerminal.
In its first 10 hours of buying and selling, LESTER achieved a $40 million market cap with over $62 million in buying and selling quantity.
The token’s value has surged over 700% over the previous 24 hours, with day by day buying and selling quantity exceeding $164 million. LESTER has secured listings on crypto exchanges together with Gate.io.
LESTER was launched on the pump.enjoyable platform after the Litecoin account humorously declared itself a “memecoin” amid a latest rally in meme cash.
On account of present market circumstances I now establish as a memecoin.
— Litecoin (@litecoin) November 14, 2024
In response to Litecoin’s playful announcement, the account of Dogecoin, a well known memecoin that includes the Shiba Inu canine mascot, provided its help by suggesting the creation of Litecoin-themed memes to assist solidify its new id. Dogecoin even proposed the thought of making a “chibi mascot” for Litecoin.
Greg, one of many high meme accounts on X, joined in on the enjoyable, crafting a easy stick determine meme with the Litecoin emblem as its head and naming the character “Lester.”
Right here they go pic.twitter.com/hTnjuFUYMC
— greg (@greg16676935420) November 14, 2024
Lester
— greg (@greg16676935420) November 14, 2024
Whereas not formally related to the Litecoin crew, LESTER gained momentum from the social media interactions between Litecoin, Dogecoin, and Greg, in addition to enthusiastic responses from each the crypto group and meme fanatics.
Litecoin’s native token, LTC, additionally skilled value and quantity will increase following these exchanges.
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