Notcoin (NOT) Dips 11% Post Airdrop Conclusion, Boasts 11.5M Holders

The cryptocurrency market has witnessed Notcoin's (NOT) value dip by 11% following the conclusion of its airdrop event. The token now boasts a robust base of 11.5 million holders.

After concluding its airdrop event, Notcoin (NOT) has seen its value decrease by 11%, currently trading at $0.0179. Despite this drop, the token has managed to secure a strong base of 11.5 million holders, with 2.5 million being on-chain holders.

The cryptocurrency has seen a downturn following its recent highs, with the unclaimed tokens being allocated for future development and a portion being burned to reduce supply, as mentioned by the Notcoin team in their early morning tweet.

NOT’s current market standing sees it trading at a 12% decrease from the previous day's price, hitting its lowest point since early Friday morning. However, the token is still trading 4.6% lower than last week's figures and 166% higher than its initial launch price a month ago.

The cryptocurrency currently ranks as the 57th largest, boasting a market capitalization of $1.8 billion, surpassing other notable names like Aave (AAVE), Jupiter (JUP), and zkSync (ZK).

A key factor in NOT’s rise has been the success of Telegram crypto-fueled games, with the recently concluded airdrop claim boosting activity within the Notcoin ecosystem. Users engaged in staking to earn additional rewards.

The Notcoin team has teased upcoming details for gold and platinum-level stakers to earn extra rewards later this week. This announcement aligns with their strategy to incentivize deeper engagement within their ecosystem.

Notcoin’s integration into Telegram games has seen its player base grow to 35 million. Other games like Hamster Kombat are following suit with similar token launch plans on The Open Network (TON), indicating a trend among Telegram mini-app games.

Since its launch on May 16, NOT has seen rapid growth and adoption. Its listing on major exchanges like Binance, Bybit, and KuCoin has seen NOT’s capitalization quickly soar past $1.8 billion. The token's value has seen a significant uptick of over 164% in the past month alone.

With most tokens from the airdrop being distributed and plans for further development being set in motion, Notcoin is preparing to continue rewarding its community. The team will be announcing additional rewards for those who have invested in staking at higher tiers, reciprocating the user support in return.