Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»The ‘rocky’ launch of Notcoin (NOT) – How a billion-dollar start ended in a huge sell-off
ALTCOIN NEWS

The ‘rocky’ launch of Notcoin (NOT) – How a billion-dollar start ended in a huge sell-off

By Crypto FlexsMay 17, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The ‘rocky’ launch of Notcoin (NOT) – How a billion-dollar start ended in a huge sell-off
Share
Facebook Twitter LinkedIn Pinterest Email
  • At press time, NOT’s market capitalization was just over $681 million.
  • Meanwhile, buying pressure for TON has increased on the chart.

The wait is over as Notcoin (NOT), the much-talked-about Telegram-based cryptocurrency, finally launched on May 16. The launch wasn’t perfect, as the new product soon saw a significant price drop. However, it is still close to the list of top 100 cryptocurrencies. meantime, Toncoin (TON) It remained bearish on the charts.

All About Notcoin Launch

AMBCrypto previously reported NOT was airdropped on May 16, and several cryptocurrency exchanges such as Binance announced that they would list the token. During the launch, the initial price of the newly listed token was $0.01, corresponding to a market capitalization of $1 billion.

However, things did not go as planned as the altcoin recorded a major correction within hours of its launch. According to CoinMarketCap, the price of NOT has fallen by more than 53% since launch. At the time of this writing, NOT is trading at $0.006631 with a market capitalization of over $681 million, making it the 108th largest cryptocurrency on the market.

Now, this price drop after an airdrop is not new as similar incidents have happened before. The main reason this happens is because they sell off immediately after launch as investors choose to profit rather than hold.

However, the good news is that Notcoin’s trading volume has remained high since launch. To be precise, NOT’s trading volume was $1.4 billion, putting it in 8th place on the list of cryptocurrencies with the highest 24-hour trading volume.

While all this is happening, Binance shared This is a major update for our audience. Accordingly, the exchange decided to remove the NOT/BTC trading pair that was originally scheduled to be listed on May 16th. Binance said it took these steps “to provide a better trading experience.”

TON Bear won’t let go

AMBCrypto is Before reported How Toncoin, the blockchain on which Notcoin is issued, has benefited from the hype around NOT. However, the trend soon changed, with the token price falling more than 3% in the last seven days. At press time, it had a market capitalization of over $23 billion and was trading at $6.63.

Analysis of Santiment’s data shows that investors took advantage of this opportunity to accumulate TONs when prices were low. This is because TON’s supply on exchanges has decreased sharply, while supply outside of exchanges has increased. Foreign exchange outflow also increased, reflecting the high buying pressure.

Increasing buying pressure for TON

Source: Santiment


read Toncoin (TON) price prediction 2024-25


To determine whether the increase in buying pressure will lead to a price rise, AMBCrypto analyzed the daily chart of TON.

The token’s Chaikin Money Flow (CMF) recorded a downward trend, suggesting a continued price decline. Additionally, Bollinger Bands indicated that the price of TON is still above the 20-day simple moving average (SMA). Therefore, the price of TON may first fall to the 20-day SMA support level and then gain bullish momentum.

Source: TradingView

Next: The probability of a MATIC price breakout depends on the following key indicators:

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025
Most Popular

On-Chain™ Index Ventures unveils innovative blockchain-based platform for digital asset management

January 9, 2024

Former CFO of Terraform Labs repatriated to Korea

February 5, 2024

Need speed? What major traders and exchanges think about latency in today’s cryptocurrency market

December 28, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.