Notcoin (NOT) achieved a significant milestone on May 16, entering the top 10 cryptocurrencies by daily trading volume immediately after being listed on a major centralized exchange.
NOT ranked 8th with trading volume exceeding $1.4 billion in less than 24 hours. Despite the initial price drop from $0.02156 to $0.006618, it is still actively traded on major platforms such as Binance and OKX.
Notcoin made the top 10.
After Notcoin’s official launch, Notcoin’s market capitalization soared to $1 billion in 10 minutes. Currently worth $697 million, it is not ranked 107th among the largest cryptocurrency assets. Trading volume for the gaming project token exceeded $1.4 billion, making it the 8th most traded cryptocurrency in the past 24 hours.
Notcoin significantly outperformed its competitors, including Pixels (PIXEL) and Saga (SAGA). After NOT’s debut, PIXEL fell to second place with a peak market capitalization of $730 million. By comparison, SAGA’s maximum capital was $684 million.
Read more: 5 Best Toncoin (TON) Wallets for 2024
Telegram founder Pavel Durov commented on this impressive achievement.
“This incredible success story shows how powerful the Telegram/TON ecosystem is for app developers. Telegram offers app developers more freedom than any other platform, giving them an unparalleled opportunity to leverage social interactions for viral distribution. As a result, TON brings scalability and flexibility to any blockchain project,” he wrote.
Notcoin, a Web3 game built on the TON blockchain, was launched as a Telegram mini-app in January and has attracted more than 35 million players. The developers claim that NOT is unique among other gaming tokens, emphasizing that by default 100% of the coins belong to the player.
The total supply of Notcoin exceeds 102 billion. The project team distributed 80.2 billion tokens to community members. The remaining coins are allocated to new users, traders, listed companies and future development stages of the project. Since yesterday, NOT is available on major exchanges such as Binance and OKX., and Bybit and can be purchased through Telegram Wallet.
disclaimer
In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.