LAUNCHCOIN surged 3,000% in a week amid viral interest in the Believe app, a Solana-based launchpad for social networks.
Activity on Believe has decreased since its initial peak, with daily token launches and revenues dropping dramatically.
Although some tokens show potential, concerns persist about sustainability, scams, and the broader trend of Internet Capital Markets.
Launch Coin on Believe (LAUNCHCOIN) has experienced explosive growth, increasing nearly 3,000% in the last week and 27,000% in a month, as interest in the Believe app surged. The Solana-based platform allows users to launch tokens directly through replies on X (formerly Twitter).
Although activity on Believe has recently cooled, the rapid rise of LAUNCHCOIN has fueled speculation about the long-term potential of the platform. At the same time, questions remain about the sustainability of this growth and the risks associated with the broader trend represented by Internet Capital Markets.
Believe is a memecoin launchpad based on Solana that allows anyone to create tokens simply by responding to posts from its 'Launchcoin' account on X.
The app was founded by Ben Pasternak and was renamed from a previous project called Clout. Its native token, Launch Coin On Believe (LAUNCHCOIN), originally PASTERNAK, skyrocketed in the last seven days.
Believe allows creators to instantly launch memecoins through social media, charge transaction fees, and graduate tokens to Meteora if they reach a market capitalization of $100,000.
While it democratizes access to token creation, it also raises concerns about scams, spam, and mutable metadata that could enable misleading rebrandings.
This streamlined launch process directly integrates into the growing narrative of Internet Capital Markets (ICM), a movement that is transforming how capital is raised online.
ICM allows anyone to tokenize native internet ideas such as memes, apps, or platforms into tradeable crypto assets, bypassing traditional financial gatekeepers.
The model removes regulatory and technical barriers, enabling global capital formation 24/7 without the need for accreditation, banks, or brokers. Although promising, it is also criticized for its speculative nature and similarities to memecoins.
