Litecoin (LTC), known as the “silver to Bitcoin’s gold,” announced on November 14, 2024, that it now identifies as a memecoin. This announcement led to a 15% price spike and a 33% increase in trading volume within 24 hours. Litecoin’s mining hashrate hit an all-time high of 1.35 PH/s, with major mining pools F2Pool and ViaBTC producing over half of all Litecoin blocks.
The announcement also led to the emergence of Lester Coin (LESTER), a new memecoin with $100 million in daily trading volume.
