Odaily News The Litecoin X account posted that it has been nearly a week since the Litecoin X account posted the phrase "Due to current market conditions I now identify as a memecoin", a lighthearted mockery of the current state of the cryptocurrency market and a self-deprecating admission that despite being one of the oldest and most reliable cryptocurrencies in the world, Litecoin's achievements have been overshadowed and largely ignored over the past few years. Greg (@greg16676935420) drew a new mascot for Litecoin, and unfortunately, a group of people immediately took the mascot and used it to create a "lestercoin" on the Solana blockchain. Litecoin said that it has no association with projects using the Lester name or likeness on Solana, and has no intention of deliberately promoting or acknowledging them. It is not the official mascot of Litecoin. In addition, Litecoin will continue to uphold "Bitcoin is gold, Litecoin is silver" and strive to become the preferred way to pay and trade goods and services worldwide, and this has not changed.