Key Takeaways
- Litecoin Mascot (LESTER) reached a $90 million market cap within 48 hours of launch.
- LESTER secured exchange listings and saw a 700% price surge post-launch.
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A new Solana-based meme token, Litecoin Mascot (LESTER), just hit a $120 million market capitalization within 48 hours of its trading launch, according to data from GeckoTerminal.
In its first 10 hours of trading, LESTER achieved a $40 million market cap with over $62 million in trading volume.
The token’s price has surged over 700% over 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 a “memecoin” amid a recent rally in meme coins.
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 of 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 new identity. Dogecoin even proposed the idea of creating a “chibi mascot” for Litecoin.
Greg, one of the top meme accounts on X, joined in on the fun, crafting a simple stick figure meme with the Litecoin logo as its head and naming the character “Lester.”
Here they go pic.twitter.com/hTnjuFUYMC
— greg (@greg16676935420) November 14, 2024
Lester
— greg…
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