Believe just dropped a bombshell on June 27 with the launch of the Believe Builders Fund, a whopping $1,000,000 committed to reviving its platform. This fund will support builders and communities with fellowship grants, hackathons, and other incentives over the next few months. Sounds promising, right?
Introducing the Believe Builders Fund.
— Believe (@believeapp) June 26, 2025
We’re committing $1,000,000 over the coming months to support high potential builders and builder communities through fellowship grants, hackathons, and targeted incentives.
If you’re an ambitious builder working on something interesting,… pic.twitter.com/al61po0tK1
Here’s the thing: Believe’s been on a serious downward slide. Dune Analytics shows token launches peaked in early May with over 4,000 tokens launched daily, but by late June, those numbers had plummeted to below 100. Ouch.
What’s the move here? Well, it’s no secret, this Builders Fund looks like Believe’s attempt to reignite developer engagement and get things buzzing again. After all, token launches and platform activity have been in freefall, so they’ve got to do something to kickstart the engines.
LAUNCHCOIN and Rug Protection
And let’s not forget LAUNCHCOIN, the token tied to Believe and its founder Ben Pasternak. This one’s also taken a major hit, losing nearly 50% of its value in just the past month. It’s now sitting at a market cap of $95 million, a far cry from its peak of $312 million back on May 15.
The hype was real though. The market cap surged from $10 million on May 12 to over $240 million by May 14, thanks to Alex Leiman’s NOODLE token launch on Believe’s platform. That was right around the time Believe was at its peak, with nearly 5,000 tokens launched. But, alas, that didn’t last.
$NOODLE just launched on Believe. Built by @alex_leiman.
— Believe (@believeapp) May 12, 2025
Alex is behind RizzGPT, Astra, and a string of viral apps (10M+ in total downloads). He is an exceptional builder — the kind we need in crypto.
You know what to do. https://t.co/r93NOtEwPO
Now, to make sure they don’t get caught in a rug pull situation again, Believe’s also added some new protection features. These include automatic and manual fee blocking on new tokens and a standardized “BLV” contract address suffix. Looks like they’re trying to protect their users while they scramble to get things back on track.
Will this Builders Fund bring Believe back to life, or is it too little, too late? Time will tell.
Gunel Ismayilova
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