ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, Lester's official Twitter has caused this wave of drama, resulting in a 40% drop in LESTER in the past 24 hours, with a market cap of only 32.7 million dollars.On March 15, a major holder (@bazingahappy) spent 2.3 million dollars to buy 4.37 million tokens that were purchased for 3,217 SOL (670,000 dollars) on November 15, now showing a floating loss of 530,000 dollars, with assets shrinking by 78.7%.13 hours ago, after confirming that Lester would remain as its mascot, he increased his position by 10.2 million tokens, with an average cost of 0.07752 dollars; he has recently been high-frequency trading Memecoin, among which Pnut alone has made a profit of over 10 million dollars.

ChainCatcher message, Litecoin's official Twitter retweeted a post about "Will Litecoin keep Lester as its mascot?" with the caption "Yes." or acknowledging Lester's status.

ChainCatcher news, the Litecoin X account stated that it has been nearly a week since the Litecoin X account posted the meme "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 also a self-deprecating acknowledgment.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) created a new mascot for Litecoin, but unfortunately, a group of people immediately took this mascot and used it to create a "lestercoin" on the Solana blockchain.Litecoin stated that it has no association with projects using the name or likeness of Lester on Solana, nor has it intentionally 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.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa's monitoring, a smart money FWuPs almost completed a full liquidation at the peak price of the Litecoin-themed meme coin LESTER on the Solana chain five hours ago, spending only 55.18 SOL (13,201 USD) to profit 556,000 USD, with a return rate of 4109.7%.