According to ChainCatcher news, the Litecoin (Litecoin) X account posted that it has been nearly a week since the Litecoin X account released the meme phrase 'Due to current market conditions I now identify as a memecoin,' which is a light-hearted mockery of the current state of the cryptocurrency market and a self-deprecating admission.
Although Litecoin is one of the oldest and most reliable cryptocurrencies in the world, its achievements have been overshadowed and largely ignored in recent years. Greg (@greg16676935420) illustrated a new mascot for Litecoin, but unfortunately, a group of people immediately took the mascot and created a 'lestercoin' on the Solana blockchain using it.
Litecoin states that it has no association with projects using the name or likeness of Lester on Solana, nor has it deliberately promoted or acknowledged their intentions; it is not the official mascot of Litecoin. Furthermore, Litecoin will continue to uphold the principle that 'Bitcoin is gold, Litecoin is silver,' striving to be the preferred method for global payments and transactions of goods and services, and this has not changed.
