Litecoin, a cryptocurrency project created in 2013 and initially considered a serious alternative to bitcoin, "declared" itself a memcoin.
Apparently, the developers of Litecoin are haunted by the hype of the popularity and exchange rate of memcoins. For example, Dogwifhat ($WIF
) and Pepe Coin (PEPE) meme tokens have risen significantly in price after they were placed on major American platforms Coinbase and Robinhood. $PEPE
rose by more than 200%, reaching an all-time high of $0.00002597. The rate of WIF, a Solana-based meme coin, jumped by 65% in one day after listing on Coinbase.
The cryptocurrency market also reacted positively to the playful rebranding of Litecoin, and the price of $LTC
increased by 21%.
In the next post, the cryptocurrency development team appealed to the crypto community, urging its members to rally in the face of growing pressure from regulators. In addition, they called on various blockchains to unite in the "fight against the machine."
We are at a crossroads in our struggle with the machine. After all, we are all memes. Discover your inner meme and join forces with us. From the highest to the lowest, your voice will be heard," the message says.
The Litecoin team turned to the first Dogecoin meme token with a request to compile a manifesto. Polygon was tasked with unifying blockchain networks, and Solana should "stand aside and wait for the ball." There is a serious subtext behind this humorous post, which once again points to regulatory problems on the part of the American authorities.