The 7,400% LAUNCHCOIN pump over the past week has grabbed investors’ attention, with a smart crypto trader turning a meager $8,000 investment into a massive $4 million. The Solana-based Launch Coin on Believe project has gained parabolic traction in the crypto community, while facilitating coin launches with absolutely little entry barrier.
Blockchain analytics firm LookonChain reported that a mysterious crypto trader has reportedly achieved a staggering 500x return, turning a $8,191 LAUNCHOIN investment into more than $4 million within 22 days, amid the crypto market rally.
The platform further reported that after four months of inactivity, the trader withdrew 68.8 SOL from Binance 22 days ago and spent 54 SOL (approximately $8,191) to purchase 14.62 million LAUNCHCOIN when the token’s market cap was under $500,000.
However, shortly after this purchase, the Launch Coin on Believe cryptocurrency experienced a massive rally, eventually crossing $300 million market cap. The trader began selling once the market cap crossed $200 million, cashing out 2.5 million LAUNCHCOIN for 3,465 SOL (worth $617,000).
As of date, the trade still holds a massive $12.12 million of the altcoin valued at $3.5 million, bringing their total profit to over $4 million, as Lookonchain reports.
Solana-based Launch Coin on Believe platform revolutionizes token creation by leveraging social media attention and turning it into crowdfunding opportunities. The platform eliminates traditional barriers of token launches like the need for venture capital, a finished product, or even a development team.
Launch Coin operates through a straightforward process. Aspiring creators can post on X (formerly Twitter) with the platform’s handle, their token’s $TICKER, and NAME. The platform handles the rest—launching the coin and providing a link for sharing. This approach simplifies token creation, removing the need for forms, DAO pitches, or extended community engagement on Discord.
“It’s permissionless token launch powered by the timeline,” the team states. “If people vibe with your idea, your token goes live instantly.”
Being an X-native platform, LAUNCHCOIN differentiates itself from other projects like BankrBot, while keeping no cap on token creation. This innovative approach lowers the barrier to entry for creators while keeping the community of greater importance.
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