How Bitcoin drives memecoin launches
$BTC price and the number of tokens launched via @solana memecoin launchpads show a clear correlation.
At the same time, it’s notable that memecoin launches started accelerating in late March, even before $BTC began its rise in mid-April.
This early activity is linked to the growing popularity of new launchpads such as @believeapp, @bonk_fun, and @boopdotfun, which are competing with @pumpdotfun.
Competitors are overtaking Pumpfun
Yesterday, 37.8K tokens were created. Of those, 21.7K (57%) were launched through @pumpdotfun, 6.8K (18%) via @bonk_fun, and 4.9K (13%) on @believeapp.
Believe app is at the center of the Internet Capital Markets (ICM) meta, a new wave that turns app ideas into tradable assets, and lets users create tokens directly on X.
Over the past 24 hours, tokens launched via Believe generated more than 670K transactions and $7.04M in fees, with $3.52M going to token creators.
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