Litecoin Mascot (LESTER), a meme coin built and based on the Solana network, has achieved great success after its market cap reached $120 million within 48 hours of its launch, according to data from GeckoTerminal.
In just the first 10 hours, LESTER's market cap crossed the $40 million mark, with a trading volume of $62 million.
The coin saw a 700% surge in 24 hours, with daily trading volume reaching $164 million.
It is also listed on major trading platforms such as Gate.io.
“LESTER” originated on the pump.fun platform in response to a satirical post from a Litecoin account that referred to itself as a “meme coin.”
This post generated a lot of interaction, most notably support from the Dogecoin account who suggested additional memes to reinforce Litecoin's identity as a meme coin.
The popular meme account “Greg” also joined in, creating a character called “Lester” inspired by the Litecoin logo.
Although LESTER is not officially affiliated with the Litecoin team, the engagement of the crypto community, along with support from social media platforms, has contributed to the currency’s huge momentum.
The cryptocurrency Litecoin (LTC) also saw a surge in its value and trading volume as a result of these events.
