Shiba Inu Head Slams Litecoin For Changing Identity To Meme Coin

Key Takeaways

• The lead developer of Shiba Inu SHIB has criticized Litecoin's LTC decision to rebrand itself as a meme coin to attract new users. Litecoin made the switch as a result of growing investor interest in meme coins amid the bullish market.

• While slamming Litecoin and its recent move to post humorous content on its official X feed, Shytoshi Kusama noted that Shiba Inu is no longer competing with other meme coins, but going up against serious projects like Cardano ADA and Ripple XRP.

• One Shiba Inu community member commented under Kusama's X post that Litecoin's marketing strategy was working, suggesting Shiba Inu should consider returning to its humorous roots.

• Kusama highlighted that SHIB has transitioned into a utility token following the launch of its native layer-1 blockchain as the ecosystem is expected to release a host of utility projects, including a DAO led by the community.

Shytoshi Kusama, the lead developer for the popular memecoin Shiba Inu SHIB has come out slamming Litecoin LTC over its recent decision to adopt a more humorous marketing strategy.

Litecoin rebranded itself as a meme-themed cryptocurrency by portraying a stick figure with the letter 'L' as its head. The project's official X handle started actively posting memes and other comedy content to attract the attention of crypto enthusiasts.

In a series of X posts on November 19, Kusama expressed that he was not looking to get into any "beef" with the Litecoin community this year. However, the developer did state that Litecoin is forming the "memevengers" and that he was starting to feel more like the Marvel comics villain Thanos.