LAUNCHCOIN (formerly PASTERNAK) Surges Over 400% in a Single Day, Reaching an All-Time High

BlockBeats News, May 13th, according to GMGN market data, LAUNCHCOIN (formerly PASTERNAK) surged over 400% in a single day, currently trading at $0.08772, marking a new all-time high.

PASTERNAK is the celebrity token of Clout founder Ben Pasternak. Clout is a SocialFi platform based on Web3 technology that allows celebrities and creators to issue tokens named after themselves, attracting fans and investors to participate, thereby achieving the financialization of personal brands. In previous news, PASTERNAK was renamed to Launch Coin on Believe (LAUNCHCOIN), aligning the token name with the rebranded Clout platform (Believe).

BlockBeats Note: Meme coins experience significant price volatility, often driven by market sentiment and speculative concepts, lacking real value or utility. Investors should be aware of the risks.