LAUNCHCOIN market capitalization exceeds 230 million USD, with a rise of over 348% in 24 hours.

According to BlockBeats news on May 14, based on GMGN market data, LAUNCHCOIN (formerly PASTERNAK) continues to rise, with a 24-hour increase of over 348%, market capitalization exceeding 230 million USD, and a 24-hour volume of 126 million USD. PASTERNAK is a celebrity coin 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, thus achieving the financialization of personal brands. Previously, it was announced that PASTERNAK was renamed to Launch Coin on Believe (LAUNCHCOIN), aligning the token name with the upgraded Clout brand name (Believe). BlockBeats notes: Meme coin trading is highly volatile, largely relying on market sentiment and conceptual hype, and has no actual value or use cases, so investors need to be aware of the risks.