Believe Memecoin Launchpad Drops $1M Builders Fund—Can It Revive Faltering Platform Engagement?
Memecoin mania meets desperation play as Believe unveils a seven-figure lifeline.
$1M injection targets builders
The launchpad—once a hotspot for degenerate yields—hopes cash incentives will offset dwindling user activity. Because nothing solves crypto’s engagement crisis like throwing money at it.
Timing raises eyebrows
Announced amid a broader market cool-off, the fund feels equal parts ambitious and reactive. Traders whisper: 'Bull market band-aid or genuine builder catalyst?'
The cynical take
Another day, another crypto project trying to buy its way back to relevance. At least the memes write themselves.
Source: @beincrypto | Dune Analytics
LAUNCHCOIN, the token closely tied to Believe through its founder Ben Pasternak — who created both the platform and the token — has also seen a sharp decline, shedding nearly 50% of its value in the past month. It’s market cap currently stands at $95 million, 70% down from the peak of $312 million on May 15.
The token’s market cap surged from $10 million on May 12 to over $240 million by May 14, driven by hype after Alex Leiman — creator of viral apps like RizzGPT and Astra — launched NOODLE, a crypto token for a game on the Believe platform. The price spike also aligned with Believe’s peak activity, with nearly 5,000 tokens launched on May 13 and 14.
In addition to announcing the Builders Fund to revive developer activity, the platform recently introduced rug protection features to safeguard users from rug pulls and scams. These include automatic and manual fee blocking on new tokens and a standardized “BLV” contract address suffix.
