Founder of Solana token Believe arrested on assault, strangulation charges; class‑action alleges misleading holders and large fees
first published 2026-04-23T11:11:41Z
BELIEVE, a SocialFi token on Solana that rebranded from Clout in early 2025, dropped nearly 19% intraday after founder Benjamin Pasternak was charged with second‑degree strangulation and assault. Pasternak has pleaded not guilty and is due in court on June 11. The token has fallen from a May 2025 high of $0.3569 to about $0.00075 (over 99% decline), reviving rug‑pull and fund‑mismanagement concerns and accelerating selling pressure.
AI Analysis
The article reports a near‑19% one‑day decline tied to founder Benjamin Pasternak being charged with second‑degree strangulation and assault (he pleaded not guilty and is due in court June 11), and documents the token’s fall from a May 2025 peak of $0.3569 to about $0.00075 (over 99%), plus revived rug‑pull and fund‑mismanagement concerns — all facts that drive market confidence and selling pressure.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
