Litecoin’s X Account Tweets ’I’m Here for You, Dogecoin’
Litecoin’s official X account surprised the crypto community on August 9 by posting a Q*bert-inspired meme alongside the message “I’m here for you, Dogecoin.” The move highlighted historical ties between Litecoin and Dogecoin—Dogecoin was built on Litecoin’s Scrypt code and benefits from Litecoin’s merge-mining security—and follows Litecoin’s self-declared shift into ‘memecoin’ territory last November, which previously helped drive a 15% LTC price surge. Litecoin also marked its 300-millionth transaction in January 2025, cementing its status as the second most used cryptocurrency for payments after Bitcoin, according to CoinGate. Meanwhile, Dogecoin’s fundamentals show renewed strength: DOGE rose 8.5% over the past week, its market capitalization stands at $33.78 billion, and whales have accumulated over 230 million DOGE in 24 hours, signaling growing confidence in Dogecoin’s utility beyond memes.
Bullish
The supportive meme tweet from Litecoin’s official X account underscores historical merge-mining ties and leverages meme culture to drive market sentiment. A similar exchange last November spurred a 15% LTC price rally, demonstrating the potential impact of social media on short-term trading volume. Concurrently, significant whale accumulation of DOGE—over 230 million in 24 hours—signals growing investor confidence. This combination of renewed hype around Litecoin and active Dogecoin buying pressure is likely to boost trading activity and liquidity for both tokens. In the long term, once the social media-driven momentum settles, fundamentals such as Litecoin’s position as a top payment cryptocurrency and Dogecoin’s decreasing inflation rate may sustain moderate price growth.