LAUNCHCOIN market cap surpasses $250 million, with a 24-hour price increase of over 193.08%.

BlockBeats News, May 14, according to GMGN market data, LAUNCHCOIN (formerly PASTERNAK) continues its uptrend, with a 24-hour increase of over 193.08%, surpassing a market capitalization of 2.5 billion U.S. dollars, and a 24-hour trading volume of 1.2 billion U.S. dollars.

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, without real value or use case. Investors should be aware of the risks.