A new meme coin, Litecoin Mascot (LESTER), launched on the Solana blockchain, has quickly captured the attention of the cryptocurrency community. Within less than 48 hours of its debut, LESTER saw its market capitalization surge to $120 million, making an impressive entry into the market.
According to data from GeckoTerminal, LESTER's market cap reached $40 million in under 10 hours of trading, accompanied by a trading volume exceeding $62 million. The token's growth accelerated further as its price surged by over 700% in just 24 hours, and trading volumes surpassed $164 million.
Currently, LESTER is listed on several prominent exchanges, including Gate.io, which has broadened its exposure to a wider range of crypto traders, both experienced and new.
Social Media Buzz and Community Support Drive LESTER's Rise
The remarkable rise of LESTER can be attributed to significant social media momentum and a growing sense of community excitement. LESTER was initially launched on the Pump.fun platform, following a playful comment by Litecoin ($LTC ), which humorously referred to itself as a meme coin amid the ongoing popularity of meme coins in the market. This lighthearted declaration quickly ignited a wave of social media engagement, attracting investors, meme enthusiasts, and crypto followers.
Among those contributing to the meme coin hype was the official Dogecoin account, which suggested the creation of Litecoin-themed memes and encouraged community participation. In particular, an X user named "Greg" gained attention with a stick-figure drawing of the Litecoin logo, humorously dubbed "Lester." While there is no formal association between LESTER and the Litecoin project itself, this playful origin story has contributed to the token’s viral growth.
Litecoin (LTC) Benefits from Meme Coin Momentum
The current excitement around meme coins has also positively impacted Litecoin’s native token (LTC). Both LESTER and LTC experienced price increases and heightened trading volumes, underscoring the influence of social media and online communities on cryptocurrency markets.
While the long-term prospects of LESTER remain uncertain, its rapid rise serves as a testament to the power of community-driven movements in the cryptocurrency space. When a token gains strong support, it can rapidly achieve significant success, as evidenced by LESTER’s impressive early performance.
