Inflation Dips to 2.3%, Believe to $300M Market Cap, and Virtuals x Kaito AI

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Happy Thursday, TM Family!

Welcome to the Token Metrics Daily newsletter, where we cover key market movements, regulatory updates, and early alpha for our readers and investors. 

Let’s dive in! 

In Today’s Edition

1. April Inflation Lower Than Expected 

2. Solana Meme Coins and Believe.App’s Rise 

3. Virtuals Protocol Staking and AI Crypto Trends 

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Now, let’s get back to the key stories of the day.  

1. April Inflation Lower Than Expected

The U.S. inflation rate for April 2025 was reported at 2.3%, a decrease from the expected number of 2.4%. This marks the lowest headline inflation since February 2021, driven by factors such as lowering energy prices and easing housing inflation. 

This lower-than-expected inflation is positive for risk assets like cryptocurrencies, and it may prompt the Federal Reserve to consider rate cuts; two to three cuts are expected in 2025.

Lower inflation typically reduces pressure on monetary policy, potentially increasing market liquidity. For crypto investors, this could signal a favorable environment for growth, though the impact of tariff-related uncertainties remains to be seen. 

2. Solana Meme Coins and Believe.App’s Rise 

The Solana Ecosystem is buzzing with activity, particularly in meme coins and new project launches. Popular memecoins like PNUT, MOODENG, GOAT, CHILLGUY, are all up more than 100% in the last week. 

Believe.app, a platform for launching crypto projects, and its native token, $LAUNCHCOIN, have seen explosive growth. Launch Coin has reached an all-time high market cap of $300M. 

Believe.app, rebranded from Clout.me, targets web2 developers and utility coins, distinguishing itself from meme-focused platforms like Pump.fun. They are building a new narrative called Internet Capital Markets. Users can launch a new token by tagging Launch Coin on X and mentioning the token's name and ticker. 

On 30 April, Token Metrics’s trader-grade signal turned bullish for $LAUNCHCOIN at $0.01. Today, it is trading at $0.29, a 29x return for our early customers. Sign up on Token Metrics to get more such alpha signals before everybody else and make informed decisions. 

3. Virtuals Protocol Staking and AI Crypto Trends 

Virtuals Protocol, an AI and metaverse-focused project, has launched staking for its VIRTUAL token. Users can earn rewards by locking up their tokens. The protocol enables AI agents to operate as co-owned, tokenized assets, with content creation, entertainment, and decision-making applications. 

Virtuals has surged 218% in the last 30 days, and the growth is being further fueled by new feature launches and partnerships with other AI projects in the ecosystem. Virtuals recently partnered with Kaito to distribute virgen points to leading yappers on the X platform. 

The Token Metrics’ trader-grade signal for VIRTUAL turned bullish on 26 April when it was trading at $1.09. As of today, VIRTUAL is at $1.91, up 75% in the last couple of weeks. Sign up now on Token Metrics to stay ahead of the curve and make it count. 

Meme of The Day

References 

1. Inflation in April Rose Less than Expected

2. Annual Inflation Rate Hit 2.3% in April

3. Inflation Lowest Since February 2021

4. SOL is Up and Memes are Back

5. Believe.App on X

6. Staking $VIRTUAL Is Now Live

7. Top Solana Meme Coins by Market Cap

8. Trade Solana on Token Metrics

9. Trade Launch Coin on Token Metrics 

10. Trade Virtuals Protocol on Token Metrics

11. Sign Up on Token Metrics 

That’s all for today, people. Let’s talk tomorrow.

Your Friends at Token Metrics