May 15, 2025

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12:00 am

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(Updated:

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Traderpow makes $2.4M on LAUNCHCOIN

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    Traderpow’s address 8zFZH on Arkham
    Traderpow’s address 8zFZH on Arkham

    Solana memecoin trader, Traderpow, just made $2.4M on Launchcoin (LAUNCHCOIN). He initially acquired the coin back in January, when the coin was launched as PASTERNAK, named after the founder of Clout.me, Ben Pasternak. The token later died off as the hype died down, with the token falling to a market capitalization of just 183K at its lowest. At this point, Traderpow’s position was down to $3,500, 99% down from his entry.

    Traderpow’s buy and sell transactions on the PASTERNAK/LAUNCHCOIN token
    Traderpow’s buy and sell transactions on the PASTERNAK/LAUNCHCOIN token

    On April 28, the team announced a rebrand to Believe, quickly becoming the center of a new narrative, Internet Capital Markets. The PASTERNAK token rebranded as Launchcoin and quickly soared to a new high, peaking at a market capitalization of $370M. As the token reached a new high, Traderpow also began unloading his positions, selling off 14.7M tokens for a profit of $2.4M. He currently still holds 3M tokens worth over $527K.

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