LAUNCHCOIN price action could mirror GOAT price action, where it basically went up in a straight line from sub $10M to $500M mcap, before having a severe -65% drawdown after the FUD about truth terminal tweets being written by a human

Right now LAUNCHCOIN is down -50% from its $360M top, and the FUD is about the broken mechanism (too much $ leaking to snipers + not enough fees to creators)

I don't have any opinion about the FUD, and currently no position on LAUNCHCOIN, but an accelerated capitulation to $100M could offer a good buying opportunity