Deep Dive
Overview: Believe’s daily token launches plummeted 98% from May’s peak of 5,000/day to <100 by late June 2025 (CoinMarketCap). The $1M Builders Fund targets hackathons and creator grants to reverse this trend, but skepticism persists given LAUNCHCOIN’s 79% drop from its $360M all-time high in May.
What this means: Success hinges on measurable traction from the fund – a rebound to 500+ daily launches could signal recovery, while failure risks cementing LAUNCHCOIN as a “dead chain” narrative. Technicals show mixed signals: RSI 53.95 suggests neutral momentum, but MACD (-0.0033) warns of lingering bear pressure.
2. Launchpad Wars Intensify (Bearish Catalyst)
Overview: LetsBonk’s 1% revenue buyback mechanism fueled BONK’s 145% July 2025 rally, while LAUNCHCOIN lacks comparable incentives (The Defiant). Pump.fun dominates 49.6% of Solana’s launch activity, leaving Believe’s market share at risk.
What this means: Without competitive tokenomics (e.g., staking yields beyond KuCoin’s 4% APR product), LAUNCHCOIN struggles to retain liquidity. The 24h volume of $17.3M (0.277 turnover ratio) shows moderate liquidity but trails LetsBonk’s $28M/day.
3. Founder Actions & Market Psychology (High Risk)
Overview: Ben Pasternak’s $145K token buyback in July 2025 – initially hyped as a “massive ecosystem support” – was perceived as inadequate given Believe’s $30M+ revenue (The Defiant).
What this means: Trust erosion could prolong the -55% 60d price decline. However, the 6466% 1y return suggests speculative interest remains for a turnaround. Key watch: Whether Pasternak allocates 20%+ of future platform fees to buybacks.
Conclusion
LAUNCHCOIN’s path hinges on reversing platform decay through the Builders Fund while addressing competitive gaps in token incentives. Technicals suggest $0.05–$0.07 as critical support/resistance. For holders, the question is whether Believe can leverage its SocialFi edge to regain ground lost to Pump.fun and LetsBonk.
Make or break metric: Monitor weekly new token launches on Believe – sustained growth above 200/week would signal ecosystem revival.