Following the message, on May 14th, LAUNCHCOIN (formerly PASTERNAK) continued its upward trend. After its market value broke through $100 million yesterday, it has now reached $180 million, rising nearly 1000% in the past 24 hours.
$PASTERNAK was initially launched by the Clout platform founded by Ben Pasternak, which attempted to create a "Wall Street + Hollywood of Web3" by tokenizing social influence. Due to early lack of transparency and practical use cases, the token price plummeted from a market value of $80 million to $190,000, being criticized by some investors as a "soft Rug Pull". In April 2025, Clout was renamed Believe, upgrading its technology and ecosystem. Previous reports indicated that PASTERNAK was renamed Launch Coin on Believe (LAUNCHCOIN), with the token name aligning with the upgraded Clout brand name (Believe).
