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

• The Notcoin (NOT) workforce introduced the claiming interval for the airdrop will run till June 16.
• A part of the unclaimed tokens shall be allotted for future growth, with the remaining being burned.
• Following its Might 16 launch on the TON community, Notcoin reached a market cap of almost $1.5 billion.

The Notcoin (NOT) workforce has introduced that the claiming interval for the Notcoin airdrop will lengthen till June 16. The workforce additionally clarified that customers can withdraw their tokens from the Notcoin bot on to their wallets. Moreover, members who’ve staked their tokens are exempt from the claiming deadline.

“Particular provide for stake has ended, however we’ll open Ranges and Probe for the brand new customers quickly,” the Notcoin workforce posted on X, including, “A part of the unclaimed tokens will fund the long run growth, and the remaining shall be burned.”

Notcoin was launched in 2023 as a “viral Telegram sport” for Web3 customers. Following its Might 16 debut on the TON community, Notcoin grew to become Binance’s 54th launch pool venture. The venture’s airdrop reportedly distributed over $3.5 billion price of tokens to roughly 35 million customers.

Since launch, the in-game mined token has carried out properly, reaching a market cap of almost $1.5 billion at $0.0145 per token. Inside 24 hours of itemizing, Notcoin ranked eighth in buying and selling quantity among the many high 10 cryptocurrencies. Nevertheless, it skilled declines within the following days, with costs dropping to an all-time low of $0.0046 final week.

The token has proven an uptrend since final week’s current worth dip, surging by 37.90% over the latest intraday session. NOT is altering arms at $0.01217 as of press time, making it one of many market’s high gainers in accordance with CMC information. This bullish motion began on Might 27 when the coin broke by means of the $0.0053 resistance stage, reaching a excessive of $0.0088.

Over the previous seven days, Notcoin has witnessed a optimistic trajectory, with a 6.26% enhance. Tradingview information exhibits that the token’s month-to-month efficiency is up by 897%, with the 9-day Easy Shifting Common (SMA) of $0.0059 suggesting the token’s present upward pattern.