Notcoin Surges 160% After Launch on Binance's Launchpool Platform
Notcoin (NOT), a gaming token linked to Telegram's popular game, has seen an astonishing surge in value. Over the past week, its price skyrocketed nearly 160% to reach a new all-time high. This rapid increase is attributed to its launch on May 16th when Binance added it to its Launchpool platform.
The Open Network (TON) blockchain, initially developed by Telegram, continues to play a crucial role in Notcoin's success. Although Telegram separated from TON in 2020 due to a legal dispute with the SEC, the blockchain remains integral to Telegram's ecosystem, allowing its 700 million users to send tokens within the platform seamlessly.
Notcoin now boasts over 1.6 million on-chain holders, surpassing other popular memecoins like Shiba Inu and Bonk. Its market capitalization ranks it 80th by value, trading at $0.0127, a significant rise from $0.00489 just a week ago.