Litecoin has experienced a significant surge, rising 35% this week after being rebranded as a memecoin. The cryptocurrency's market capitalization is now approximately $6 billion. The Litecoin mascot, $LESTER, is reportedly valued at $70 million, while the Binance mascot, $FUR, is valued at $16 million. The founder of Litecoin expressed gratitude towards an individual named Greg, indicating that the token has gained 20% since the rebranding. Additionally, it was noted that Litecoin has been a strong performer among consumers of MoonPay, and its recent repositioning has garnered positive feedback from industry observers. In contrast, Ethereum's market cap is reported to be below $1 million, while Solana's market cap stands at $82 million. The overall sentiment in the crypto community suggests that the rebranding strategy may have revitalized interest in Litecoin.