On November 19, Shiba Inu co-founder Shytoshi Kusama criticized Litecoin's decision to rebrand as a meme coin.
Shytoshi Kusama's Criticism
Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, criticized Litecoin for attempting to brand itself as a meme coin. According to him, the new rebranding consists merely of a stick figure with the letter L.
Social Media Reactions
The conflict also unfolded on social media, where Kusama stated he would not engage in protests against Litecoin in 2024. Meanwhile, other users, including Litecoin, joined the conversation with discontent and sarcasm.
Current SHIB and LTC Performance
As of the time of writing, SHIB's price fell by 2% to $0.00002502 but has shown a 33% rise over the past month. Litecoin was priced at $89.60, indicating a 3% intraday decline.
The conflict between Shiba Inu and Litecoin has drawn attention to cryptocurrency identity issues, impacting market performance.
