CURRENTLY VERY HOT ON SOLANA, EVERYONE - #BELIEVE NEW FACTOR
From April 14 to May 23, 2025, the trading volume of memecoins on Solana has surged, exceeding $2.3B/day, with the rise of decentralized launchpad platforms such as:
🟨@pumpdotfun – still dominating (~70% volume)
🟪@MeteoraAG– in second place
🟦@believeapp – newly launched but has climbed to the top 3 with the “tweet-to-token” model, along with the token $LAUNCHCOIN which has grown hundreds of times in just a few days
- Other platforms (moonshot, letbook, trojan) have smaller volumes, under $100 million.
1. How does the @launchcoin model work?
- The operation of Believe is very Web2.5: just reply to a tweet with the format “@launchcoin + token name”, and you can issue a memecoin on Solana. With over 5,000 tokens created in just 24 hours, and volume exceeding $500M/day – the growth rate is astonishing.
- The “bonding curve + anti-snipe fee” model + sharing 50% of the fee with the issuer if the token reaches a $100k cap – has created an unprecedented wave of “spam belief”.
2. Risks of this model
- Tokens on Believe are referred to as “digital merch” to avoid the SEC. But with the level of growth and the nature of creating FOMO, the likelihood of scrutiny is very high.
- The ease of meme creation will make memes, although bringing new experiences in SocialFi, easier to lose liquidity than even pumpfun before.
- You can track these tokens on the Signal page, I’ll provide the link in the comments.
- Has anyone played memes on this yet? Please share your thoughts.