📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Lester Token Crashes 40% Following Official Announcement
The value of $LESTER plummeted by 40% in the past 24 hours, leaving its market capitalization at a mere $32.7 million.
This sharp decline came shortly after the official Twitter account announced that Lester would continue as the project’s mascot.
Prominent investor @bazingahappy has felt the impact of the downturn. On March 15, they invested $2.3 million in $BOME and, on November 15, spent 3,217 SOL (equivalent to $670,000) to purchase 4.37 million $LESTER tokens. However, the recent slump has wiped out $530,000 from their holdings, shrinking their investment by a staggering 78.7%.
More Whales Make Strategic Moves With $LESTER Token Following Recent Price Action
Despite these losses, @bazingahappy doubled down on $LESTER after the mascot confirmation 13 hours ago, acquiring an additional 10.2 million tokens. At an average cost of $0.07752 per token, this move highlights a calculated risk in the face of market volatility.
Interestingly, while $LESTER’s performance has been disappointing, @bazingahappy has demonstrated notable success in other ventures. Their high-frequency trading in memecoins has proven lucrative, with a single trade in $PNUT yielding over $10 million in profit.
The mixed fortunes of $LESTER underscore the unpredictable nature of the memecoin market, where sentiment-driven swings can lead to substantial gains or losses. While some investors remain optimistic about $LESTER’s long-term potential, the mascot announcement and subsequent sell-off suggest challenges ahead in regaining investor confidence.
For now, the market remains wary, with $LESTER facing an uphill battle to recover its value. Whether the community can rally behind the mascot and revive momentum remains to be seen.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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