Believe
Summary
Believe (believe.app) is a Solana-based token launchpad founded by Australian entrepreneur Ben Pasternak, originally launched in January 2025 as 'Clout' before rebranding. The platform popularized a 'tweet-to-token' model under the 'Internet Capital Markets' narrative, enabling anyone to deploy a Solana token by replying to an X post. The platform and its founder face a federal class action lawsuit alleging coordinated investor fraud across three successive token schemes, Pasternak's arrest on criminal assault and strangulation charges, and widespread accusations of supply dilution, broken buyback promises, and fee extraction totaling an estimated $54 million on roughly $6 billion in trading volume.
Connected Entities
1 entities · 10 linked investigations- + 2 more
Timeline(12 events)
2025-01-24
Ben Pasternak launches the $PASTERNAK token on Solana under the Clout brand and publicly states he has '0 ownership in the token.'
Phemex Academy2025-04-28
Pasternak rebrands the Clout platform to Believe and launches the LAUNCHCOIN token. The rebrand goes viral and drives a rapid spike in trading activity.
CoinGecko2025-05-14
Believe sees over 4,000 new token deployments in a single day, capturing approximately 14% of all Solana launchpad activity. $LAUNCHCOIN surges approximately 27,000% from its pre-rebrand low.
BeInCrypto2025-05-15
$LAUNCHCOIN reaches an all-time high of approximately $0.369, implying a market capitalization above $240 million.
CoinGecko2025-05-22
Believe suspends X reply-based token launches due to spam and low-quality tokens, shifting to manual review via its website.
CoinGecko2025-09-24
Kled AI releases its mobile app. Pasternak allegedly sells the majority of his KLED token position via OTC to an undisclosed third party on the following day, violating a prior agreement.
Protos2025-10-15
Believe announces mandatory migration from $LAUNCHCOIN to $BELIEVE token, increasing total supply from 1 billion to 1.333 billion tokens (33.3% increase, described by team as 25%). $LAUNCHCOIN drops approximately 29-30% on the announcement.
Blocmates2025-10-29
Migration deadline expires. Token balances of holders who did not complete the $LAUNCHCOIN to $BELIEVE swap are permanently destroyed. Estimates suggest over $80 million in market value was erased.
Crypto.news2025-12-16
Kled AI founder Avi Patel publicly accuses Pasternak of dumping KLED tokens via OTC in violation of their agreement, disclosing the alleged pattern of selling behavior.
Protos2026-03-23
Burwick Law files a federal class action lawsuit in the Southern District of New York against Pasternak, B24 Inc., and the Believe Foundation on behalf of token holders.
Crypto.news2026-03-31
Alleged assault incident at the Baccarat Hotel in Manhattan involving Pasternak and influencer Evelyn Ha.
Decrypt2026-04-21
Ben Pasternak is arrested in New York and charged with second-degree strangulation and two counts of third-degree assault. He pleads not guilty.
The BlockDecision Log
- hash: HT3paqYVoCdbnzZzVXqrXetbDveHshZ5MnvzYxPZk6oC
- hash: HDwr2zYUmvJfss7EHLg35twLzU2AKzYwWzVF9zyqdQuD
- hash: 6HMFeLQe5TBv9N7HgXaZhHQmgZeJYjFESHG6spyiR7jL
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 8:27:52 PM
last updated: 6/1/2026, 12:21:11 AM
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