Litecoin (LTC), a well-established cryptocurrency, has declared itself a meme coin while advocating for unity within the blockchain community to address regulatory challenges. This move comes as meme coins like Dogwifhat (WIF) and Pepe Coin (PEPE) experience a surge in popularity.
The meme coin surge intensified after WIF and PEPE were listed on major U.S. platforms like Coinbase and Robinhood. PEPE soared by over 200%, reaching a record high of $0.00002597. Meanwhile, Dogwifhat, a Solana-based meme coin, also made headlines after its Coinbase listing, with its price jumping 65% in a single day.
Against this backdrop, Litecoin—a project that has been around since 2013 and was initially considered a serious alternative to Bitcoin— rebranded itself as a meme coin. The move seems to be a strategic attempt to capitalize on the viral success of meme coins and maintain relevance in the crypto market. The market reacted positively to Litecoin’s playful rebranding, with LTC seeing a 21% price increase.
Calls for Blockchain Unity in Fight Against Regulation
Meanwhile, Litecoin took this meme-inspired rebranding even further. In a follow-up tweet, Litecoin’s team also issued a rallying cry to the broader cryptocurrency community, calling for unity in the face of growing regulatory pressures.
In a tweet, Litecoin encouraged various blockchain networks, including Layer 1s and Layer 2s to come together in what it described as a “fight against the machine.” The tweet framed the cryptocurrency ecosystem as a collective of “memes,” suggesting that humor and shared identity could be powerful tools in driving change.
Layer 1’s. Layer 2’s. Even Solana…lend me your ears.
We are a crossroads in our fight against the machine. At the end of the day, we are all memes. Embrace your inner memeness and join forces with us. From the highest MCAP to the lowest, your voice shall be heard.
I am asking… pic.twitter.com/RFK9fPJ6S6
— Litecoin (@litecoin) November 15, 2024
Litecoin called upon Dogecoin, the first true meme coin, to draft a “memetoo” manifesto. The tweet humorously tasked Polygon with connecting blockchain networks while giving Solana the playful role of standing by and waiting for the “ball.”
However, beyond the humor lies a serious undertone. Litecoin’s message directly addressed regulatory challenges from entities like the U.S. Securities and Exchange Commission (SEC) and policymakers like Senator Elizabeth Warren, signaling a collective pushback against perceived overreach.
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