Investors are purchasing large volumes of the meme token Launch Coin on Believe (LAUNCHCOIN) and reaping significant profits. Analysts at Lookonchain have taken note of this trend.
A whale sold 341,783 $TRUMP($4.39M) at a loss of $446K, then spent 8,908 $SOL($1.59M) to buy 9.37M $LAUNCHCOIN.https://t.co/G4SDmOPNoo pic.twitter.com/KPQjJUVYQY
— Lookonchain (@lookonchain) May 14, 2025
According to their data, one whale sold 341,783 TRUMP ($4.39 million) at a loss of $446,000. He then spent 8,908 SOL ($1.59 million) to purchase 9.37 million LAUNCHCOIN.
Another trader, a month ago, acquired 20.3 million LAUNCHCOIN for $9,075. Now, his coins are valued at $4.7 million, yielding a 515x profit.
This guy turned $9,075 into $4.7M—a 515x return. Legend! ?
A month ago, he spent $9,075 to buy 20.3M $LAUNCHCOIN, which is now worth $4.7M.
He can retire early now.https://t.co/2XRpHWUHV1 pic.twitter.com/KlZt1R0SFk
— Lookonchain (@lookonchain) May 14, 2025
At the time of writing, LAUNCHCOIN shows a daily increase of 134.8% and is trading at $0.2073, according to CoinGecko.
Prior to its recent rebranding, the coin was known as Ben Pasternak (PASTERNAK).
Earlier, rumors circulated about the potential release of a meme coin by the Truth Social platform. On May 13, Donald Trump Jr. denied this information, calling it “a lie spread by people.”