One of the stronger projects in this round of ICM is still @believeapp. A few major issues / but also potential expectations: - The flywheel mechanism for LAUNCHCOIN hasn’t been released yet. @pasternak has been teasing the flywheel diagram for a long time, but the big news related to it hasn’t been made public. Dropping from 400M to now feels like it’s mostly been dragged down. - The project’s sniping mechanism hasn’t been properly refined, which has led to most of the launches being small-cap without any major whale positions. - The current spot volume is still mainly reliant on the chain, and liquidity is lacking to support it. Tied to the second issue, it’s missing a sentiment leader. Aside from itself, the ceiling for small caps isn’t very high. It’s missing a sentiment trigger. You can tell that toly and the team are eager to pivot Solana’s ecosystem positioning into a meme casino narrative to sell the story to Wall Street. ICM is a good choice, but if they keep dragging their feet, they might miss the opportunity.