How does Bitcoin stimulate the launch of meme coins?
The rise of Bitcoin in late 2024 coincided with a sharp increase in meme coin launch activity. The price of Bitcoin shows a clear correlation with the number of tokens launched via meme coin launch platforms from Solana.
At the same time, it is worth noting that the launch of meme coins began to accelerate in late March, even before Bitcoin started its rise in mid-April.
This early activity is linked to the increasing popularity of new launch platforms such as Believe, LetsBonk, and Boop, which compete with Pump.fun.