From April 14 to May 23, 2025, Solana memecoin trading volume skyrocketed to over $2.3B/day. And the decentralized launchpad platforms? They're killing it.
Here's what you need to know:
pumpdotfun – Still the big dog, handling ~70% of the volume
MeteoraAG – Solid 2nd place
believeapp – Just launched, but already in the top 3! And get this – their $LAUNCHCOIN ( ▲ 7.04% ) token is up hundreds of times in just a few days. 🚀
Solana’s LaunchCoin, the main token on the Believe platform, just exploded — up a whopping 15,500% in one week! It shot from $0.0025 (May 8) all the way to $0.39 (May 16).
Source: TradingView
According to Lookonchain,
An anonymous trader bought about $9,075 worth of $LAUNCHCOIN ( ▲ 7.04% ) and flipped it into $4.7 million. That’s a crazy 517x return!
Another trader, pseudonymously known as Pow, has recorded an over 7x return on LAUNCHCOIN, comes from zero to $2.7M.
But this guy had bad luck. Buying 45 million $LAUNCHCOIN ( ▲ 7.04% ) near its peak for $828K but sold them after a 90% crash for just $29K, losing $800K. With more patience, they could have made $7.3M.
1️⃣ What Makes Believe app Tick?
It’s Web2.5 vibes: tweet-to-token model. Just reply to a tweet with @launchcoin + token name, and boom, you’ve got a memecoin.
→ This makes everything super easy. No forms to fill out, no convincing a DAO, no spending days growing a Discord community. Just a quick, simple way for anyone to launch a token with a single tweet.
In 24 hours, over 5,000 tokens created. $500M+ in daily volume. This thing is growing fast.
The “Believe” Model:
Bonding curve + anti-snipe fees
50% fee sharing for issuers when tokens hit $100k cap
Expect a wave of “trust spam” — yeah, it’s wild.
Source: Blockworks
2️⃣ Why Did $LAUNCHCOIN ( ▲ 7.04% ) Jump So High?
Big boost came from a new game called Noodle by Alex Leiman (creator of viral hits like RizzGPT and Astra). It’s a crypto twist on Snake, where you earn real tokens by playing.
This play-to-earn angle is putting Believe on the map for blending fun and finance.
Believe’s founder, Ben Pasternak, teased upcoming tools for creators to customize tokens and integrate them with external products. A new SDK is also coming soon.
Behind the scenes, Believe is growing fast, aiming to pull in more creators and projects.
3️⃣ The Catch Is … What Is The Risk
These tokens are “digital merch” to avoid SEC trouble.
The insane growth and ease of meme creation could lead to a lot of junk tokens. The flood of memecoins might cause some serious liquidity issues like Pumpdotfun.
For those willing to take the risk, tracking these tokens is key!
Source: believesignal
You don’t actually own the token infrastructure. Believe handles everything behind the scenes — they might even control things like minting or freezing tokens. So, it’s not a full transfer of ownership. If your private key gets exposed, that’s game over.
No instant full payout. Founders get their funds in chunks, not all at once. It’s meant to prevent rug pulls, but it also kills the usual pump-and-dump flow.
🔥🔥 Trader Take: LaunchCoin is a perfect example of how fast and easy crypto is getting. Launching a token with just a tweet? That’s next-level simple. But with all that ease comes some risk - lots of memecoins popping up means not every project will last. It’s exciting and fun, but you gotta watch your step. This space is moving fast, so stay sharp!