Launch Coin on Believe (LAUNCHCOIN) has seen explosive growth, surging nearly 3,000% in the past week and 27,000% in a month as interest in the Believe App spiked. The Solana-based platform lets users launch tokens directly through X (formerly Twitter) replies.

While activity on Believe has cooled recently, LAUNCHCOIN’s rapid rise has fueled speculation about the platform’s long-term potential. At the same time, questions remain about the sustainability of this growth and the risks tied to the broader Internet Capital Markets trend it represents.

Believe Turns Tweets Into Tokens—But at What Risk?

Believe is a Solana-based memecoin launchpad that allows anyone to create tokens simply by replying to posts from its “Launchcoin” X account.

The app was founded by Ben Pasternak and rebranded from an earlier project called Clout. Its native token, Launch Coin On Believe (LAUNCHCOIN)—originally PASTERNAK—skyrocketed in the last seven days.

Believe enables creators to launch meme coins instantly via social media, collect fees from trades, and graduate tokens to Meteora if they hit a $100,000 market cap.

While it democratizes access to token creation, it also raises concerns about scams, spam, and mutable metadata that could allow deceptive rebrands.

This simplified launch process plays directly into the growing narrative of Internet Capital Markets (ICM)—a movement reshaping how capital is raised online. ICM allows anyone to tokenize internet-native ideas like memes, apps, or platforms into tradable crypto assets, bypassing traditional financial gatekeepers.

The model removes regulatory and technical barriers, enabling 24/7 global capital formation without the need for accreditation, banks, or brokers. While promising, it also draws criticism for its speculative nature and similarities to meme coins.

Believe App Activity Slows After Brief Surge in Token Launches

Believe App saw a surge in usage between May 13 and May 15, with users launching over 4,000 new tokens per day through its social-media-based platform.

This explosive activity briefly positioned Believe as one of the most active launchpads in the Solana ecosystem.

However, the pace has since slowed considerably—falling to around 2,600 new tokens on May 16 and just 895 on May 17. The decline suggests that the initial hype surrounding the platform may be cooling, at least in the short term.

Despite Believe’s brief momentum, Pump.fun remains the dominant force among Solana launchpads. It consistently handles between 20,000 and 30,000 new token launches per day, far outpacing all competitors.

In terms of market share, Believe reached a high point on May 15, capturing 13.6% of all Solana launchpad token launches—its strongest showing to date. However, this share dropped to just 2.6% by May 17.

Still, some Believe tokens are finding success. Seven of the biggest tokens launched across Solana launchpads in the past seven days originated from the Believe App.

Yet in the last 24 hours, only two tokens from Believe have entered that category, which shows the platform’s current volatility.

Believe generated $14.17 million in revenue over the past 7 days, nearly matching Pump’s $16 million. However, in the last 24 hours, revenue fell sharply to $340,016, while Pump maintained a much higher $2.5 million.

LAUNCHCOIN Surges 3,000% in a Week—What’s Next?

LAUNCHCOIN, the native token of the Believe App, has surged nearly 3,000% over the past seven days, climbing from $0.008 to $0.25. This rapid price appreciation has pushed its market cap to approximately $250 million.

If current momentum holds, LAUNCHCOIN could soon challenge resistance at $0.38. A breakout could potentially pave the way toward the $0.50 level, doubling its current market cap to around $500 million.

However, if on-chain signals point to declining engagement or fading hype, the token could face a correction, first retesting support at $0.16, especially if the narrative around Internet Capital Markets doesn’t live up to its hype.

A break below that level may expose it to further downside toward $0.097, marking a deeper retracement from recent highs.