What is LAUNCHCOIN?

LAUNCHCOIN (formerly PASTERNAK) has increased more than tenfold in the past 24 hours, with a current market cap exceeding $230 million.

PASTERNAK was originally launched on the Clout platform, founded by Ben Pasternak, which aimed to create a "Web3 Wall Street + Hollywood" through the tokenization of social influence.

Due to a lack of transparency and practical use cases in its early days, the token's price plummeted from a market cap of $80 million to $190,000, with some investors criticizing it as a "soft rug pull."

In April 2025, Clout was rebranded to Believe, upgrading its technology and ecosystem.