Launch Coin on Believe (LAUNCHCOIN) has taken the crypto market by storm, gaining more than a 225% price rally in the last 24 hours. With a unique name associated with Believe’s meme coin launch model, rebranding and other factors fueled the rally, while the crypto market’s sentiments show signs of greed. Let’s discuss.
Launchcoin Price Skyrockets 225% Today & More Over the Week
In the cryptocurrency world, hype drives the price of a token, and the same is happening with the Launchcoin token price, which is up 225% today. More importantly, its price has surged more than 7,000% in a week and 18,000% in a month, currently trading at $0.2389 with a market capitalization of $236,260,627 per CoinGecko data. Its trading volume of $101,873,456 explains its high demand among investors.
The token is moving higher on the charts and has recently created a new ATH at $0.2694. Investors have put it together with Jelly Jelly and the Official Trump meme coin, as they rose similarly. Interestingly, the TRUMP price gains bull dominance, surging amid the hype ahead of the upcoming Trump dinner.
#LAUNCHCOIN IS THE FASTEST
Havent seen such volume and coins since #jellyjelly and $TRUMP
Like if you are still bullish and wait 200M pic.twitter.com/WRNfTXzDmz
— simmy (@simmy_sol) May 13, 2025
Top Reasons Why Launchcoin Price is Soaring
This hype is high as the Believe founder, Ben Pasternak, launched the token on the Believe, which is a token generator with easy prompts. Additionally, Pasternak has recently rebranded it from PASTERNAK to Launch coin on Believe at the beginning of the month, building speculations of it being the official crypto token of Believe.
As Believe requires users to simply post on social media the name of the token and ticker with ‘@launchcoin’, the demand for this token is building. Besides, it is a Web3 SocialFi platform, functioning towards fundraising and project launches. However, there’s no official confirmation that it was the official crypto at the time of publishing.
Can confirm $PASTERNAK has officially been rebranded as $LAUNCHCOIN.
— Ben Pasternak (@pasternak) May 2, 2025
Lastly, the crypto market performance has been bullish since the US-China tariff negotiations. As investors’ sentiments have shifted to greed, their trading activity has increased, fueling the performance of digital assets, including Launch Coin on Believe.
Overall, it’s the hype that is driving the Launchcoin price rally. However, there’s a certain risk highlighted by experts, including the chances of high volatility and pump-and-dump scams.
Will the Rally Sustain?
Considering its massive rally, there are concerns about its long-term performance. Historical records show the collapse of such a hyped token. Donald Trump’s meme coin is the prime example, as it crashed days after launch. There’s a high risk as the Launch Coin on Believe is purely surging on hype and speculations. Moreover, the early buyers are dumping the token to make a profits.
This could influence the trend of crypto. However, if Believe officially announces it as the official crypto and top crypto exchanges begin listings, the rally could sustain.
The post Launchcoin Price Explodes 225% Today: Rebranding and Meme Coin Frenzy Fuels The Hype appeared first on CoinGape.