Shiba Inu coin lead developer Shytoshi Kusama sparked discussions in the crypto landscape on Tuesday, slamming Litecoin (LTC) over its recent identification change to meme coin. In a series of posts on the social media platform X, the SHIB lead constantly mirrored a sense of dismay at the recent change in the crypto’s identification. Notably, LTC rebranded itself as a meme-themed coin, primarily a stick figure with the letter ‘L’ as its head.
Shiba Inu Coin’s Shytoshi Kusama Takes A Dig At Litecoin
According to an X post by Shytoshi Kusama on November 19, the lead developer expressed that he was not looking to get into “beef” with Litecoin this year. However, the Shiba Inu coin lead states, “They’re forming the memevengers and I am starting to feel like Thanos.” Notably, pointing to LTC’s new stick figure, Kusama stated, “take that L and stand down.” These statements, underscoring a sense of dismay in the identification change saga, promptly gained significant traction across the industry.
CoinGape Media reported that LTC claimed it identified as a meme coin earlier this month. Kusama’s slamming statements come in the aftermath of this chronicle. Notably, the Litecoin identification shift comes amid growing market interest in the top meme coins, as evidenced by the recent rally of the leading players in the space.
Meanwhile, in a reply to the lead developer’s digging remarks, the LTC community stated, “What is this? 8th grade?” Nevertheless, the SHIB lead dev sarcastically replied, “Says the intern posting stick figures. Lol.” Altogether, these statements clearly point out that the dog-themed meme coin’s community remains gloomy on the abovementioned crypto identification change.
How Is The Meme Coin Performing?
SHIB price today showcased sideways trading in recent days, down nearly 2% intraday to $0.00002508. The token’s intraday low and high were registered as $0.00002415 and $0.00002578, respectively. However, the monthly chart for the crypto indicated gains worth 33%. This broader rising movement underscores the top dog-themed meme coins’ potential amid a bullish market despite the recent consolidation.
A recent Shiba Inu coin price analysis by CoinGape Media indicated that the coin may mirror XRP’s surge in 2024, attributable to ecosystem growth, token burns, and bullish market trends driving investor optimism. Shibburn data on November 19 further indicated the token’s burn rate surged 938%, solidifying optimism on the coin’s long-term prospects.
On the other hand, Litecoin price traded at $89.60 at press time, down 3% intraday. Its 24-hour low and peak were $86.68 and $92.19, respectively.
