Notcoin (NOT) Whales Accumulate as Price Surges 11%

  • The number of whales holding NOT increased in the past month.

  • NOT’s price surged over 11% in the past month.

  • The crypto token’s price rebound has rekindled users’ hopes for a bullish run.

There is a growing suspicion of whale accumulation of Notcoin (NOT), the native crypto of a Telegram-based game that allows players to earn tokens by tapping a virtual coin and completing in-game tasks. According to IntoTheBlock, the number of whales holding NOT increased in the past month, particularly last week.

NOT’s price reflects this accumulation, with the crypto asset surging over 11% in the past month. TradingView data shows that in the past four weeks, NOT has climbed from $0.0076 to $0.0085. The token’s price rebound has boosted users’ hopes for a potential recovery for the game-based crypto after a significant pullback.

Notcoin’s Rapid Rise and Subsequent Retracement

Notcoin runs on the TON (Telegram Open Network) blockchain, a protocol known for its high transaction throughput and security features. NOT launched for trading in mid-May 2024 and surged over 2,800% in less than one month. Analysts attributed NOT’s rapid rise to high adoption, with …

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