New way to play with meme coins: Is the mascot concept the next trend?

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Although the crypto market has seen a large correction today, with Bitcoin falling below $88,000, and other mainstream tokens including Ethereum falling even more, there are still new things emerging in the meme coin market, and various surges have not stopped. Today's meme hot spot is: mascots.

Yesterday, the Litecoin Twitter account (@litecoin) posted a message saying, "Given the current market conditions, LTC is now recognized as a meme coin." This operation of riding on the popularity of the topic inadvertently led to a new meme gameplay.

Today, the meme market launched a mascot competition. The communities confirmed to participate include Litecoin, Coinbase, Binance, etc. Their mascots are named Lester (Litecoin), Clark (Coinbase), and Jeff (Binance).
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At present, relevant meme tokens have appeared on various parties, among which the ones with larger market capitalization are:

LESTER

LESTER currently has a market value of 60 million US dollars, reaching a peak of 100 million US dollars, and the current trading volume exceeds 165 million US dollars. It is really amazing to have such a performance during the market correction. In addition, the X account of this token has received attention from Litecoin Official Twitter, and the community believes that this is the official recognition of this meme project. However, some people believe that there are people from Litecoin official behind Lester.

CA: SOL chain, 5z3iCe53hUANTiG8Js8RjHNE2Arjik7L2CXLyr2rpump
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Clark

Clark currently has a market value of $8.8 million and a transaction volume of $14.8 million, an increase of 10,000%. This meme was initiated by the community and is not an official Coinbase project.

CA: SOL chain, 3FBowPDWesPkf9M4SDHom4ANrkowkLtZrsKod3Ezpump
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Jeff

Jeff's market value is currently $2.2 million, with a trading volume of $12 million, making it the smallest of the three meme coins.

CA: SOl chain, QjwJwoqmhaGE2JtZSNYEcaAQbJBYZSNrhLngZ5tpump

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At present, among the three memes, only Lester is relatively safe. Clark and Jeff have not been officially recognized, and there are greater risks, which may return to zero at any time.

The above content does not constitute any investment advice, please be sure to DYOR.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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