Solana meme coin Litecoin Mascot soars to $120 million market cap in less than 48 hours of launch

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Key Takeaways

Litecoin ( $54.03 ) 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 ( $54.03 ) 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 ( $54.03 ) 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 ( $54.03 ) (@litecoin) November 14, 2024

In response to Litecoin ( $54.03 ) ’s playful announcement, the account of Dogecoin ( $0.075 ) , a well-known memecoin featuring the Shiba Inu dog mascot, offered its support by suggesting the creation of Litecoin ( $54.03 ) -themed memes to help solidify its new identity. Dogecoin ( $0.075 ) even proposed the idea of creating a “chibi mascot” for Litecoin ( $54.03 ) .

Greg, one of the top meme accounts on X, joined in on the fun, crafting a simple stick figure meme with the Litecoin ( $54.03 ) logo as its head and naming the character “Lester.”

Here they go pic.twitter.com/hTnjuFUYMC

— greg (@greg16676935420) November 14, 2024

Lester

— greg (@greg16676935420) November 14, 2024

While not officially associated with the Litecoin ( $54.03 ) team, LESTER gained momentum from the social media interactions between Litecoin ( $54.03 ) , Dogecoin ( $0.075 ) , and Greg, as well as enthusiastic responses from both the crypto community and meme enthusiasts.

Litecoin ( $54.03 ) ’s native token, LTC, also experienced price and volume increases following these exchanges.

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