Meme coin PASTERNAK changed its name, and the token rose by about 400% in 24 hours

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On April 29, according to GMGN market information, the meme coin PASTERNAK was renamed to Launch Coin on Believe (LAUNCHCOIN), with the token rising approximately 400% in 24 hours, and its market value is currently reported at $5.8 million. Note: This update can currently be queried on Solscan.

Previously, PASTERNAK was 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 thereby achieve personal brand financialization.

BlockBeats reminds users that meme coins have no actual value, and users should invest cautiously.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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