
Jakarta, Pintu News â The official X account of Litecoin, one of the oldest and most durable alternative cryptocurrencies, recently created a wave of controversy by poking fun at Ripple and its CEO, Brad Garlinghouse, in a social media post that has now been viewed nearly 700,000 times.
The excessive and absurd humor of the post managed to annoy the Ripple (XRP) community. Many users stated that they had sold their Litecoin tokens in response to the tweet.
Some users also reminded that Litecoin founder Charlie Lee, who is a former Google engineer, is famous for selling his stake in Litecoin (LTC) at the 2017 market peak, which is still one of the most notable trades. Litecoinâs official account then responded sharply, âNow do it for Ripple, and its executives. Iâm waiting.â
After receiving a backlash from Army XRP, which apparently involved legal threats, Litecoin has further doubled down on its criticism of âhateâ in a community that has been busy sharing ugly views. âI made fun of Solana : We laugh, we cry, a little denial.
Iâm making fun of MYSELF: Funny, but true. I made fun of XRP: 2 full days of non-stop hate, threats of legal action, poor views on market capitalization and sitting in a paid seat on a crypto board as the only measure of success,â the account read.
The account then added that some X users take jokes on social media too seriously. It is not yet clear whether Lee, the managing director of the Litecoin Foundation, is responsible for policing social media accounts associated with the token, as some commenters have suggested.
Amidst this entertaining feud, both cryptocurrencies are currently experiencing a drop in value. According to data from CoinGecko, Litecoin (LTC) is down by 1.5% while Ripple (XRP) has dropped by 2.2%. This decline suggests that conflicts on social media may have a direct impact on the market value of both cryptocurrencies.
This situation highlights how sensitive crypto markets are to news and interactions on social media, which can quickly affect investor perception and value. Both Litecoin and Ripple communities seem to be navigating these dynamics carefully to avoid further losses.
This incident underscores the importance of managing communications on social media by companies and individuals involved in the crypto industry. While these kinds of interactions can increase visibility and user engagement, they also have the potential to cause unwanted market volatility. Going forward, it may be important for crypto entities to consider the long-term impact of their words in the digital public sphere.
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