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

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 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

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

A CNBC Fast Money trader sparked controversy by saying the Solana ETF is ‘probably’ next.

May 24, 2024

Google took 3 months to remove fraudulent app that stole over $5M in cryptocurrency: lawsuit

August 18, 2024

SEC Commissioner Hester Peirce criticized the regulator’s ‘counterproductive’ approach to cryptocurrency oversight.

March 2, 2024
  • 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.