Generated a gain of +15.58 SOL, representing a +107.4% increase.

Has seen an 88.7% price drop in 30 days following a controversial 33% increase in token supply, which erodes investor trust and suggests further downside risk. Investors are advised to avoid or consider exiting positions.

The liquidity from $LAUNCHCOIN has been used for $BELIEVE buybacks and to fund its liquidity pool, potentially benefiting its holders.

The initial supply increased by 25% (perceived as a 33% jump), which could lead to significant price dilution and volatility for existing holders.

The guest is bearish, arguing the platform suffers from 'adverse selection' that attracts 'worse founders' and that the founder was perceived as 'too soft' for the brutal culture of crypto.

The investment thesis is that it could become a more 'buttoned-up' and professional platform for legitimate startups, differentiating itself from meme coin-focused launchpads.

An investment in BELIEVE is viewed as a proxy bet on the success of the most promising projects within its ecosystem, primarily DUPE. Its performance is highly correlated with its 'star' projects and its future success depends on its ability to produce a major winner.

The guest is 'mega bullish' on the platform due to its unique focus on post-launch support, which is expected to attract higher-quality, more sustainable projects than other launchpads.