LAUNCHCOIN (formerly PASTERNAK) Market Cap Surpasses $100 Million, Reaching an All-Time High

BlockBeats News, May 13th, according to GMGN Market Data, LAUNCHCOIN (formerly PASTERNAK) has surpassed a $1 billion market cap, currently priced at $0.1079, reaching an all-time high.

PASTERNAK is a celebrity coin for 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 branding. In previous news, PASTERNAK was renamed Launch Coin on Believe (LAUNCHCOIN), aligning the token name with the rebranded Clout platform name (Believe).

BlockBeats Note: Meme coins experience significant price volatility, relying heavily on market sentiment and hype around concepts, with no real value or use case. Investors should be mindful of the risks.