Notcoin (NOT) Crashes 39% from All-Time High After Listing

Notcoin (NOT), the native token of the viral Telegram game, has experienced a significant downturn, trading 39.19% below its all-time high reached in 15 days following the token’s listing on Binance, the world’s largest cryptocurrency exchange by trading volume.

The digital asset declined 18.63% in the past 24 hours and is currently trading at $0.0166, marking a 6.06 % decrease over the last seven days.

Despite the recent downturn, Notcoin has shown remarkable growth over the past month, with a 160.95% increase positioning it as one of the best-performing digital assets.

The token’s trading volume has seen a 22.24% decline and currently ranks 49th in market capitalization, valued at  $73.81 billion. If selling pressure persists, the altcoin may drop out of the top 50 cryptocurrencies.

According to a post on the social media platform X, Notcoin has gained over 11.5 million holders, including airdrop recipients, exchange buyers, and reward winners.

The Notcoin team also announced that there are extra staking rewards at the Gold and Platinum levels in the game details will be disclosed this week.

Some market observers attribute the price crash to users claiming and selling tokens after a month of staking. However, they note that the selling volume remains relatively low compared to previous buying volumes.

Despite the current downturn, some community members view this as a potential buying opportunity and anticipate a market rebound and possible new all-time highs for NOT in the future.

Also read: Notcoin (NOT) Surges 440% in Week & Hits All-Time High