Launch Coin on Believe (LAUNCHCOIN) Pumps Almost 800% in a Day–Why?

Launch Coin, with LAUNCHCOIN as the native token on the Believe platform, has seen a remarkable price surge within a single day. Believe is a Web3-based SocialFi platform that aims to transform fundraising and token launches by leveraging social engagement on X.

Following the latest announcement, the digital asset experienced a nearly 800% increase, reaching an all-time high(ATH) of $0.1543. Meanwhile, the crypto asset’s trading volume saw a sharp rise of over $75,000. Data from CoinGecko also revealed that it has a market capitalization of more than $150 million at the time of writing.

While the surge in the asset’s trading volume indicates strong investors’ interest and confidence in crypto, such volatility is not uncommon in the crypto space. The magnitude of this particular increase warrants a deeper examination.

Also, market sentiment and speculative trading frequently drive volatility in crypto markets. In the case of LAUNCHCOIN, the initial price uptick triggered a wave of FOMO (fear of missing out) driven purchases, accelerating its upward momentum. However, such sentiment-fueled rallies are often prone to sharp corrections and may not be sustainable over the long term.

PASTERNAK Rebrands to Launch Coin

Launch Coin, formerly known as PASTERNAK, has experienced notable price rallies since its rebranding on the Believe platform on May 2. Gains are often linked to ecosystem enhancements and platform milestones.

Furthermore, today’s market uptick appears driven mainly by community enthusiasm following the launch of NOODLE, a new token introduced by Alex Leiman, the creator of viral projects like RizzGPT and Astra. The token is tied to a crypto-integrated game developed on the Believe platform.

Market momentum also increased following the launch of NOODLE, a Web3 version of the classic snake game in which players earn tokens by defeating others. This game drove much of today’s gains. Also, Believe founder Ben Pasternak teased upcoming Believe ecosystem updates, drawing renewed investor interest.

In line with the announcement, Lookonchain disclosed that 3 months ago, a trader spent 1,466 SOL, valued at $367,000, to acquire 17.66 million LAUNHCOIN. Notably, after the transaction, the investment tanked 99%.

Interestingly, with the crypto asset breaking an approximately $150 million market cap, the trader’s 17.66 million LAUNCHCOIN is worth over $2.7 million. This means that the trader went from almost nothing to millions of dollars.

Believe’s Revolutionary Strategy

The project claims to offer a revolutionary approach to future financing. With artificial intelligence (AI) streamlining operations and boosting team capabilities, founders no longer depend on traditional venture capital. They can now launch a coin, engage the community for funding, and retain full ownership of their company.

Additionally, the project noted that Believe’s founders have raised millions in the past week. While millions are raised, Believe noted that if it chooses to spotlight a project, it will invest $10,000 in the vision to show support.

On May 9, Pasternak shared that Believe is gearing up to launch new tools to help creators add more features to their tokens. As part of its broader growth strategy, Believe is also expanding its team and actively working to attract more builders and founders into its ecosystem.

Meanwhile, users can initiate the creation of a new token by sharing project details on X, followed by the chosen token ticker and name. The Believe system then handles the creation and initial testing, ensuring the token is ready for trading on approved decentralized exchanges.

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