BlockBeats news, on May 14, according to GMGN market data, LAUNCHCOIN (formerly PASTERNAK) continues its upward trend, rising over 348% in 24 hours, with a market value exceeding $230 million and a 24-hour trading volume of $126 million.
PASTERNAK is the celebrity coin of Clout founder Ben Pasternak. Clout is a SocialFi platform based on Web3 technology that allows celebrities and creators to issue tokens named after themselves, attracting fans and investors to participate, thus realizing the financialization of personal brands. Previously, it was reported that PASTERNAK was renamed to Launch Coin on Believe (LAUNCHCOIN), aligning the token name with Clout's upgraded brand name (Believe).
BlockBeats note: Meme coin trading is highly volatile, largely dependent on market sentiment and speculative hype, with no actual value or use case; investors should be aware of the risks.