Kled AI founder accuses Believe co-founder of repeatedly selling millions of $KLED tokens on the open market during critical periods

Kled AI founder Avi Patel has accused Ben Pasternak, co-founder of token launchpad platform Believe, of repeatedly selling millions of $KLED tokens on the open market during critical periods, such as their app release date and recent update.

According to Patel’s post, Pasternak originally held about 6% of the $KLED supply as part of an early fee agreement with the project. Patel says that, privately, Pasternak committed not to sell those tokens on the public market and instead agreed to use over-the-counter (OTC) transactions or burn tokens if he needed liquidity. 

That understanding, Patel says, fell apart. 

Over the course of the past week, according to on-chain data referenced by the Kled founder, Pasternak has been “market selling millions of $KLED tokens via DCA (every second of the day).” 

And this happened during Kled’s largest app update to date and a bear market volume, according to Patel.

Kled and Believe bring back fractious relationship 

The Kled CEO alleges that initial attempts to negotiate OTC pricing broke down multiple times and that communication with Pasternak has been next to nonexistent, leading to frantic efforts to protect the token’s price and holder confidence. 

At one point, he says, they “were forced to OTC his position at an approximately $27 million valuation,” reducing Pasternak’s position from about 6% to around 3.5% of the supply.

However, the sales did not stop, according to Patel, as Pasternak, who had reportedly “refused to sell the remainder, stating he wanted to “wait it out,” resumed “market selling $KLED again, despite repeated assurances that he would never do so.” 

Patel called Pasternak’s behavior unacceptable, adding that “No builder should ever work with him again if that was not already clear.”

Kled and Believe have a history of controversies

The turmoil comes against a backdrop of earlier public disagreements between Patel and Believe leadership about business ethics and support for the Kled project, including a separate exchange of accusations over secret token selling and social media communication strategies that played out mostly on X. 

In July 2025, public clashes on social media saw Patel criticize Believe’s support and communication with the Kled community, while Pasternak questioned Patel’s conduct and token actions after $KLED’s launch, accusing Patel of deleting accounts and secretly selling $500,000 worth of tokens after the launch.

Some users have called for Believe to improve its processes in the past, with one user on X reposting what they shared on the matter with Pasternak. The user asked Pasternak to “Fix bottlenecks of launchpad. Instead of wanting more launches and raking in fees,” adding that “no one would be willing to launch if [you] can’t even listen to people who launched properly.” 

Patel responded to the repost, stating, “I saw this first, which is why I was the first to leave. Idk how it took everyone else 8 months of dogshit to realize it.”

Answering questions on why Pasternak had $KLED tokens in large amounts in the first place, Patel stated that Pasternak “had allocation in every Believe project. Half the fees went to him, and the original Believe launches like Kled, get their fees in their native token (Kled), meaning Pasternak literally was getting half of our token supply.”

Responses and unanswered questions

As of the latest reports, Pasternak himself has not offered a direct rebuttal to Patel’s detailed post nor publicly addressed the specific allegations. Pasternak’s last post on X was on October 20, 2025.

Patel insists that all communications have been documented, stating, “I will not engage further, regardless of any response from him or his team.” He went further to say that the chapter is almost closed, allowing him to move on “from the Believe team’s clown show.”

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