3 Notable Internet Capital Market Tokens in May
Meta Internet Capital Market – a new trend in the cryptocurrency world, where ideas can quickly turn into tradable assets – is creating a new wave of potential. Platforms like Believe are leading the way in making it easy for users to create tokens with just a tweet. In that context, three prominent names have attracted significant attention: Launch Coin (LAUNCHCOIN), Dupe (DUPE) and CreatorBuddy (BUDDY).
1. LAUNCHCOIN – 500% Growth, Leading the Trend
As the main token of the Believe platform, LAUNCHCOIN has become the center of attention with a capitalization of more than 104.5 million USD, accounting for nearly half of the total capitalization of the entire token system created by Believe.
By simply posting on X (formerly Twitter) with the syntax `@launchcoin <token-name>`, users can mint a new token. This simple yet compelling approach has resulted in over 3,192 tokens being created, with over 164 currently active. Data from Dune shows that the system has recorded 301,570 transactions in 24 hours, with a trading volume of $411.6 million and $1.89 million in transaction fees.
LAUNCHCOIN alone has recorded 63,635 transactions, with a volume of $44.5 million and over 21,000 holders, demonstrating strong demand and growing investor interest. LAUNCHCOIN price has now reached $0.109, up 500% in the last 24 hours.
2. DUPE – Smart Shopping Solution, Up 209% in a Day
DUPE is the token of the shopping platform of the same name, which helps users find cheaper alternatives to home and consumer products. Launched on April 29, DUPE quickly gained traction after being listed on DexToro.
With over 4,720 holders, a market cap of $60.1 million, and a current price of $0.060, DUPE has increased by 209% in 24 hours. Trading volume reached $16 million, with a fairly balanced buy and sell ratio ($8.2 million and $7.8 million), indicating a very active market.
3. BUDDY – AI for Creators, Up 1,146%
The newest token on the list, BUDDY, is part of the CreatorBuddy platform – an AI-powered tool for content creators on X. With features like post analysis, engagement optimization, and content repurposing, CreatorBuddy offers a one-stop solution for those looking to grow their personal brand.
BUDDY currently has a market cap of $17.5 million, up a whopping 1,146% in 24 hours, at $0.017. There have been a total of 16,756 trades, a volume of $14.7 million, and 3,267 holders – indicating a rapidly growing community.
Risk Warning: Don’t Skip Due Diligence
While impressive numbers and performance may be appealing, many experts warn that the rapid growth of the internet capital market can lead to skipping due diligence. According to analyst @him on X: “Most companies today don’t have product-market fit – we’re flying too fast without checking.”
Some experts also warn of the possibility that many tokens are just gimmicks from failed Web2 founders. However, there are still real projects being built quietly, regardless of tokens.
Conclusion
The internet capital market is opening up a new direction for the democratization of digital assets. LAUNCHCOIN, DUPE and BUDDY are clear examples of this market shifting strongly. But with opportunity comes risk – investors need to be cautious, analyze each project carefully, and should not ignore on-chain activities before putting money down.