On May 13, according to GMGN market data, the MEME coin PASTERNAK briefly broke through a market value of $62 million before falling back, currently reported at $61.97 million, with a 24-hour increase of 293%, and a 24-hour trading volume of $22.96 million.
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 and achieve personal brand financialization. Previous reports indicated that PASTERNAK was renamed to Launch Coin on Believe (LAUNCHCOIN), with the token name aligning with the upgraded Clout brand name (Believe).
BlockBeats Note: MEME coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use case, and investors should be aware of the risks.
