MEME Coin PASTERNAK Rebranded, Token Surges ~400% in 24 Hours

BlockBeats News, April 29th, according to GMGN market information, the meme coin PASTERNAK has been renamed to Launch Coin on Believe (LAUNCHCOIN), aligning its token name with the Clout rebrand to Believe. Possibly influenced by this news, the token surged approximately 400% in the past 24 hours, with a current market capitalization of $5.8 million. Note: This update can currently be queried on Solscan.

Previously, PASTERNAK was 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.

BlockBeats reminds users that meme coins have no real value, and users should invest cautiously.