Litecoin Clarifies Misunderstanding Over New Meme Coin

According to BlockBeats, on November 20, Litecoin's official Twitter account addressed a recent misunderstanding involving a new meme coin. Nearly a week ago, the account humorously declared, "Due to current market conditions, I now consider myself a meme coin." This lighthearted remark was intended to jest about the state of the cryptocurrency market and serve as a form of self-deprecation. In a playful response, Dogecoin designed a new mascot for Litecoin to accompany the post. However, this gesture led to unintended consequences when a group of individuals used the mascot to create "lestercoin" on the Solana blockchain. While this action is technically legal in a free market, it has caused confusion among followers of the @litecoin account. The account clarified that it has no connection to the Solana project using the Lester name or image and does not intend to promote or endorse such projects. It emphasized that Lester is not Litecoin's official mascot.