Believe App Token Soars 900% After Generating $6.3 Million in Daily Revenue

Believe.app, a Solana-based token launchpad originally launched as Clout.me back in January, has generated a whopping $6.3 million in fees over the last 24 hours, split evenly between token creators and the app.

Believe’s flagship token, LAUNCHCOIN, is up 880% today to a $175 million valuation.

During its original launch in January as the PASTERNAK token, the token skyrocketed to a $40 million valuation, but quickly died out after, plunging all the way down to a $200,000 market capitalization, where it stagnated for months.

Believe announced a rebrand on April 28, which went largely unnoticed until some of the platform’s tokens started generating significant trading volume.

Believe is a token launchpad similar to competitors like PumpFun and Let’s Bonk, but the platform aims to attract tech founders building real products that can be backed by tokens. While not launched on Believe, a comparable token in this niche would be JELLYJELLY.

In order to launch on Believe, someone simply needs to direct an X post at Believe’s X handle with a ticker and name, and the app automatically launches a token on the platform. The platform does not require a crypto wallet and can be used entirely via traditional finance rails through the iOS or Google Play app stores.

Attention on Believe has been boosted by tech founder Nikita Bier, who sold his companies, tbh and Gas, to Facebook (Meta) and Discord. Bier has been a major proponent of Believe even back when it launched as Clout.me. Believe also works in conjunction with crypto incubator Alliance DAO.

Upon the rebrand, he posted on X, “When a product's core flow automatically spreads it to new users, it usually will keep growing until the market is fully saturated…BelieveApp does something similar here: tagging launchacoin on a tweet will mint a coin in front of everyone—and teach them how it works…”

Some of the product tokens that have launched on Believe so far include DUPE, which is an automated deal-searching price aggregation system, and FITCOIN, an “AI-powered virtual closet.”

The platform is not limited to product launches, however, and allows anyone to launch a token. In true crypto fashion, the platform’s second strongest token so far is not a product, but a memecoin named GOONCOIN, which launched at a $30,000 valuation last night, and currently trades at a $47 million valuation.