Launch Coin on Believe Surges 14.267% in 24 Hours

Launch Coin on Believe's latest price was $0.2522, up 14.267% in the last 24 hours. The cryptocurrency, Launch Coin on Believe, is the native token of Believe, a Solana-based memecoin launchpad. The platform, founded by Ben Pasternak, allows anyone to create tokens simply by replying to posts from its Launchcoin X account. The app was rebranded from an earlier project called Clout, and its native token was originally named PASTERNAK. The platform enables creators to launch meme coins instantly via social media, collect fees from trades, and graduate tokens to Meteora if they hit a $100,000 market cap.

Believe's platform democratizes access to token creation, but it also raises concerns about scams, spam, and mutable metadata that could allow deceptive rebrands. The simplified launch process aligns with the growing narrative of Internet Capital Markets (ICM), a movement reshaping how capital is raised online. ICM allows anyone to tokenize internet-native ideas like memes, apps, or platforms into tradable crypto assets, bypassing traditional financial gatekeepers. This model removes regulatory and technical barriers, enabling 24/7 global capital formation without the need for accreditation, banks, or brokers.

Despite the promising aspects of ICM, it also draws criticism for its speculative nature and similarities to meme coins. The Believe App saw a surge in usage between May 13 and May 15, with users launching over 4,000 new tokens per day through its social-media-based platform. This explosive activity briefly positioned Believe as one of the most active launchpads in the Solana ecosystem. However, the pace has since slowed considerably, falling to around 2,600 new tokens on May 16 and just 895 on May 17. The decline suggests that the initial hype surrounding the platform may be cooling, at least in the short term.

Despite Believe’s brief momentum, it consistently handles between 20,000 and 30,000 new token launches per day, far outpacing all competitors. In terms of market share, Believe reached a high point on May 15, capturing 13.6% of all Solana launchpad token launches—its strongest showing to date. However, this share dropped to just 2.6% by May 17. Still, some Believe tokens are finding success. Seven of the biggest tokens launched across in the past seven days originated from the Believe App. Yet in the last 24 hours, only two tokens from Believe have entered that category, which shows the platform’s current volatility.

Believe's platform enables creators to launch meme coins instantly via social media, collect fees from trades, and graduate tokens to Meteora if they hit a $100,000 market cap. This democratizes access to token creation, but it also raises concerns about scams, spam, and mutable metadata that could allow deceptive rebrands. The simplified launch process plays directly into the growing narrative of Internet Capital Markets (ICM), a movement reshaping how capital is raised online. ICM allows anyone to tokenize internet-native ideas like memes, apps, or platforms into tradable crypto assets, bypassing traditional financial gatekeepers. The model removes regulatory and technical barriers, enabling 24/7 global capital formation without the need for accreditation, banks, or brokers. While promising, it also draws criticism for its speculative nature and similarities to meme coins.