Named after a soda flavor
Lemon lime is named after clear sodas with a lemon and lime taste, such as Sprite and 7 Up. The Wikipedia section on lemon lime calls #E3FF00 a fluorescent kind of chartreuse. Its only listed source is Sprite, and that claim is marked as needing a citation.
Two colors, one name
Wikipedia's alphabetical list has a second lemon lime, #5CFF67, which is a minty green. This page is about the yellow one. It sits between lemon and electric lime. Black text on it gets a contrast ratio of 18.57 to 1.

