In a world where everyone can spin up tokens in minutes, the line between speculation, community and actual usefulness is fast blurred.
Ask a software developer who went to bed and woke up at a market capitalization of $1 million.
Vernus’s unlikely story
Zoltán Cserei is the software developer and founder of Vernus, a platform for paying for individual content in lieu of expensive subscriptions.
Cserei was recently exploring the Solana Ecosystem, but it’s new to the Crypto space. On June 24th, he decided to launch the token in the Solana LaunchPad app.
After unfolding the Vernus Token, Cserei was brushing her teeth and preparing her bed as her phone began to explode. Communities quickly formed around the tokens and Cserei began to engage with them.
“The community was awakening me,” he said. “I never spoke to anyone who believes,” Cserei added.
Vernus Token reached a market capitalization of $2.5 million within hours of Cserei’s unexpected development.
LaunchPad makes it easy to issue tokens
This is the new world of the Internet capital market, and the concept of making it easy to release tokens. This is a project or idea that funds and implements marketing efforts, and isn’t always just meme coins.
These “Launchpads” fight, as they believe, for some of the cryptoeconomic actions of this relatively new sector.
Of course, all of these predecessors are the Solana-based Meme Coin Launching Platform Plupter.Fun. It announced plans in June to raise $1 billion at a $4 billion valuation in its own token sales.
Pump.Fun’s success has so far won over $300 million in 2025, leading to apps that believe in copying their business models. Anyone can introduce new cryptocurrencies into the market and charge a fee to launch these tokens.
“It’s a really small market frankly,” said Spencer Fan, former managing director of coin lists and founder of Ethereum-based Launchpad Rova. “There are only a handful of legal projects launched each month,” he added.
As Cserei did with Vernus, some people call this concept “Meme Coins for Business” to bring attention to the project.
All started pump
The majority of Solana-based tokens have been on sale for a year and a half.
More than 101.7 million tokens have been released on Pump.Fun since the launch of that platform in January 2024, according to Dune Analytics.
Very small spread of these meme-based speculative cryptocurrencies like Fartcoin had a billion dollar market capitalization that induces its flatulence and was a long-term success.
Outside of Memecoin, a small number of AI-focused token projects are also listed in Pump.fun. This includes the Alchemist AI. This has a market capitalization of $100 million.
Unfortunately, most of the cryptocurrencies launched like this simply didn’t make it, quickly fell to zero and ended up in the trash cans of speculators’ wallets.
Believe Launchpad rebranded himself earlier this year from an influencer’s personal token launchpad called Clout.
The company says it has its own Launchcoin token in its Believe app, but specializes in serious projects that seek to raise capital or build communities in the token market.
Taylor Fox’s Chief of Staff said the app is “for legitimate founders/business/corporate/creators outside purely meme coins.”
The community is eager to see real projects
This is why Zoltán Cserei’s Vernus Token was believed at least at first. The fact that Vernus is working on something authentic and not just a Meme Coin is why he thinks Cserei is interested in tokens when it launches on Believe.
“I feel like I’m grateful to have an app with real utility,” Cserei said of his community.
But maintaining that success is elusive for such a launch project. Since Vernus Token was rolled out on June 24th, its market capitalization has been cratered from tens of thousands to just tens of thousands of dollars each day.
However, the founder of Vernus is hoping for the future of his project. CSEREI has decided to lock up 30 million Verne Stokens until November 2025. The decision to lock down future tokens was made in response to the Vernus Community’s request.
“What I did was to be interested in technology,” Cserei said of his experience with Believe. “The community grows over time. Hopefully, it’s true to the users of the product, not the speculator.”
Internet Capital Markets’ unstable world post just first appeared on Beincrypto.
