Solana Meme Coin LESTER Reaches $120 Million Market Cap in Under 48 Hours
A new meme coin on the Solana blockchain, Litecoin Mascot (LESTER), has gained significant attention within the crypto community. LESTER achieved a market capitalization of $120 million in under 48 hours post-launch.
Data from GeckoTerminal indicates that the market cap hit $40 million within 10 hours of trading, with trading volume exceeding $62 million. Subsequently, LESTER's price surged over 700% in 24 hours, and trading volumes surpassed $164 million.
As of now, LESTER is listed on several major exchanges, including Gate.io, increasing its visibility among both experienced traders and newcomers.
LESTER’s Rise Fueled by Social Media and Community Hype
LESTER was launched on the Pump.fun platform following a humorous declaration from Litecoin, which playfully referred to itself as a meme coin during the current meme coin rally. This announcement triggered substantial social media activity from investors and crypto enthusiasts.
The official Dogecoin account encouraged the creation of Litecoin-themed memes, further engaging the community. A notable contributor, an X user named “Greg,” posted a stick-figure drawing featuring the Litecoin logo, whimsically named “Lester.”
There is no formal link between LESTER and the official Litecoin project; however, this playful origin story has attracted significant interest, driving demand for the token.
Litecoin (LTC) Shares in the Spoils
The excitement surrounding meme coins has positively impacted Litecoin’s native token, LTC. Similar to LESTER, LTC experienced increases in both price and trading volume, demonstrating the influence of social media engagement on crypto markets.
The long-term performance of LESTER remains uncertain, but its early success highlights the potential for tokens supported by community backing to achieve rapid growth.