BlockBeats News, May 13th, according to GMGN market data, Meme coin PASTERNAK's market cap briefly exceeded $62 million and then retreated, now standing at $61.97 million, with a 24-hour price surge of 293% and a 24-hour trading volume of $22.96 million.
PASTERNAK is the celebrity coin of 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, thereby achieving the financialization of personal brands. Earlier reports indicated that PASTERNAK has been renamed to Launch Coin on Believe (LAUNCHCOIN), aligning its token name with the rebranded Clout platform, now named Believe.
BlockBeats Note: Meme coins exhibit significant price volatility, often driven by market sentiment and speculative hype, lacking real value or utility. Investors should be cautious of the risks involved.
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