Notcoin’s Viral Rise: Airdrop Deadline, Tokenomics, and Market Performance

Published 30/05/2024, 15:50
Notcoin’s Viral Rise: Airdrop Deadline, Tokenomics, and Market Performance

Coin Edition -

  • The Notcoin (NOT) team announced the claiming period for the airdrop will run until June 16.
  • Part of the unclaimed tokens will be allocated for future development, with the rest being burned.
  • Following its May 16 launch on the TON network, Notcoin reached a market cap of nearly $1.5 billion.

The Notcoin (NOT) team has announced that the claiming period for the Notcoin airdrop will extend until June 16. The team also clarified that users can withdraw their tokens from the Notcoin bot directly to their wallets. Furthermore, participants who have staked their tokens are exempt from the claiming deadline.

“Special offer for stake has ended, but we will open Levels and Explore for the new users soon,” the Notcoin team posted on X, adding, “Part of the unclaimed tokens will fund the future development, and the rest will be burned.”

Notcoin was introduced in 2023 as a “viral Telegram game” for Web3 users. Following its May 16 debut on the TON network, Notcoin became Binance’s 54th launch pool project. The project’s airdrop reportedly distributed over $3.5 billion worth of tokens to approximately 35 million users.

Since launch, the in-game mined token has performed well, reaching a market cap of nearly $1.5 billion at $0.0145 per token. Within 24 hours of listing, Notcoin ranked eighth in trading volume among the top 10 cryptocurrencies. However, it experienced declines in the following days, with prices dropping to an all-time low of $0.0046 last week.

The token has shown an uptrend since last week’s recent price dip, surging by 37.90% over the most recent intraday session. NOT is changing hands at $0.01217 as of press time, making it one of the market’s top gainers according to CMC data. This bullish movement started on May 27 when the coin broke through the $0.0053 resistance level, reaching a high of $0.0088.

Over the past seven days, Notcoin has witnessed a positive trajectory, with a 6.26% increase. Tradingview data shows that the token’s monthly performance is up by 897%, with the 9-day Simple Moving Average (SMA) of $0.0059 suggesting the token’s current upward trend.

The post Notcoin’s Viral Rise: Airdrop Deadline, Tokenomics, and Market Performance appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.