Launchcoin, the official token of the Believe token launchpad on Solana, is struggling to recover from its downturn, with product revenue and DEX volume down significantly from their all-time highs.

After rebranding from Clout.me to Believe.app, Launchcoin and the Believe ecosystem exploded, with the token surging more than 4,000% to a $350 million market capitalization in just four days. During the same period, the product’s revenue also skyrocketed, increasing from just $2,000 on May 11 to $1.3 million on May 14. On a weekly basis, Believe.app went from generating $30,500 in one week to a whopping $4.2 million the following week.

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