Launch Coin on Believe (LAUNCHCOIN) Has Seen Explosive Growth, Surging Nearly 3,000% in the Past Week

By: LAUNCHCOIN has seen explosive growth, surging nearly 3,000% in the past week and 27,000% in a month as interest in the Believe App spiked.

Launch Coin on Believe (LAUNCHCOIN) has seen explosive growth, surging nearly 3,000% in the past week and 27,000% in a month.

This rise has been fueled by a spike in interest in the Believe App, which is a Solana-based platform that lets users launch tokens through X (formerly Twitter) replies.

However, while activity on Believe has cooled recently, LAUNCHCOIN’s rapid ascent has sparked speculation about the platform’s long-term potential. At the same time, questions remain about the sustainability of this growth and the risks tied to the broader Internet Capital Markets trend it represents.

Believe Turns Tweets Into Tokens—But At What Risk?

Believe is a Solana-based memecoin launchpad that allows anyone to create tokens simply by replying to posts from its “Launchcoin” X account.

The app, founded by Ben Pasternak and rebranded from an earlier project called Clout, is currently a hot topic. Its native token, Launch Coin On Believe (LAUNCHCOIN)—originally PASTERNAK—skyrocketed in the last seven days.

As seen on the chart above, LAUNCHCOIN experienced a remarkable surge, rallying from lows of $0.008 to reach highs of $0.25. This marks an incredible price appreciation of over 2,400%.

If the token can maintain its current momentum, it may soon encounter a crucial resistance level at $0.38. A successful breakout from this barrier could potentially propel LAUNCHCOIN to target the $0.50 milestone. This would result in a further doubling of its current market cap to approximately $500 million.

However, if on-chain signals begin to indicate a decline in engagement or a rapid cooling of the hype surrounding LAUNCHCOIN, the token could be vulnerable to a correction.

An initial level of support to watch for in such a scenario would be around $0.16. Moreover, if the narrative around Internet Capital Markets fails to live up to the hype and capitalizes on the promise of new fundraising paradigms, it could lead to sustained selling pressure on LAUNCHCOIN.

In a steeper bearish case, a break below this support may expose the token to further downside toward the $0.097 mark, signaling a deeper retracement from recent highs.

Believe App Activity Slows After Brief Surge In Token Launches

The Believe App saw a surge in usage between May 13 and May 15, with users launching more than 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, dropping to around 2,600 new tokens on May 16 and just 895 on May 17. This decline suggests that the initial hype surrounding the platform may be cooling, at least in the short term.

Despite Believe’s brief momentum, Pump.fun remains the dominant force among Solana launchpads. 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. But this share dropped to just 2.6% by May 17.

Still, some Believe tokens are finding success. Seven of the biggest tokens launched across Solana launchpads 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 generated $14.17 million in revenue over the past 7 days, nearly matching Pump’s $16 million. However, in the last 24 hours, revenue fell sharply to $340,016, while Pump maintained a much higher $2.5 million.

LAUNCHCOIN Surges 3,000% in a Week—What’s Next?

LAUNCHCOIN, the native token of the Believe App, has surged nearly 3,000% over the past seven days. It climbed from $0.008 to $0.25. This rapid price appreciation has pushed its market cap to approximately $250 million.

If current momentum holds, LAUNCHCOIN could soon challenge resistance at $0.38. A breakout could potentially pave the way toward the $0.50 level, doubling its current market cap to around $500 million.

However, if on-chain signals point to declining engagement or fading hype, the token could face a correction, first retesting support at $0.16, especially if