Believe Platform Ranks Third in Memcoin Launch

Believe, a platform focused on creating crypto assets through social media, has taken third place in the number of new memecoins on the Solana blockchain, behind only Pump.fun and Meteora, according to analysts at Blockworks Research.

Over the last 24 hours, users have generated over 5,000 tokens through a simple “token per tweet” mechanism. Believe is being promoted as part of the Internet Capital Markets (ICM) concept, an approach that transforms social media attention and digital ideas into tradable assets.

To create a token, just mention the launchcoin account under any post on social network X. After that, a new token with minimal liquidity is automatically generated. As soon as its capitalization exceeds $100 thousand, it can be transferred to a deeper pool on the decentralized exchange Meteora, which opens access to DeFi tools and increases the chances of long-term existence.

The creators receive 50% of the trading fees, which makes the platform attractive for speculation and experimentation. Dozens of tokens associated with mini-apps, AI services, and SocialFi projects are created on the platform. However, most of these assets quickly lose liquidity and collapse in price, as they have no fundamental value or long-term development strategy. The creators of Believe emphasize that their product is “digital merch,” not investment instruments.

"We don't require commitments or promises from authors. This is simply a way to express ourselves and earn attention," one of the team's posts reads.

Earlier, the Pump.fun platform announced a new initiative, in which 50% of the PumpSwap exchange's income will be distributed among the authors of memecoins.