Kled Founder’s Tirade Against Ben Pasternak Hammers Final Nail into Believe's Coffin

Kled founder Avi Patel has delivered a final statement regarding his project’s involvement with Believe launchpad, warning fellow builders against collaborating with founder Ben Pasternak.

After originally debuting his startup, Kled AI, on the launchpad back in May 2025, Patel has denounced the optics and behavior of Believe founder Ben Pasternak.

Pasternak appears to be aggressively liquidating his remaining crypto holdings, while the Believe launchpad records just $8 in weekly fees and evidently struggles to make ends meet.

Pasternak Called Out for Breach of Trust

In the midst of what Patel calls his “largest app update to date”, the Kled AI founder has broken his silence on frustrations towards former launch partner Ben Pasternak. 

According to Patel, Pasternak has been liquidating $KLED tokens he’d previously promised not to sell on the open market. Patel disclosed that Pasternak had backed out of as many as four separate OTC deals in September, and reportedly lied about previous selling behavior.

DeFi is, by definition, an open market. While there’s technically nothing stopping Pasternak from selling unlocked tokens, one could argue that his actions discourage prospective partners from collaborating with the founder. 

Patel also revealed that Pasternak received an allocation of all tokens launched on the platform, alongside additional fees. Pasternak has yet to respond to these allegations and has made no public communications via 𝕏 since October.

Believe Slides into Irrelevance

Patel’s declaration is likely the final nail in the coffin for Believe’s credibility. Despite a strong opening week, the launchpad has steadily lost market share and relevance, with supporters expressing frustration at Pasternak’s perceived lack of interest in the project’s success and inability to ship meaningful updates.

Believe’s perception in the public eye took a devastating hit in October, when Pasternak inflated the supply by 33%, newly minted tokens going straight to “current and future contributors, early investors, and foundation initiatives”.

While much of the Solana ecosystem has eschewed and avoided the Believe launchpad, certain pockets of the ecosystem have stood by the platform and its vision. 

Integration partners like Meteora have vehemently supported Believe’s ICM vision, yet still enabled successful teams like Kled and Dupe to migrate their tokens away from the platform. While token migrations have helped separate these teams from the Believe brand, Meteora co-lead Soju opines that this is largely a cosmetic change, with the CA and liquidity pool remaining unchanged.

Between Believe’s dying market share and the exodus of its biggest tokens, the launchpad is evidently sliding deeper in irrelevance. 

Based on DefiLlama data, Believe recorded just $8 in fees in the past week, while the value of its native token has dropped 90% since migrating in mid-October.

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