**Gaming Token Notcoin (NOT) Surges Nearly 160% to New Highs This Week**
A new altcoin linked to a viral game on Telegram has surged nearly 160% this week, hitting a new all-time high. Notcoin (NOT), the token for the Telegram-based tap-to-earn mining game, started trading on May 16th through Binance’s Launchpool platform, which allows users to stake coins to earn new assets.
Notcoin claims to have over 1.6 million holders, surpassing popular memecoins like Shiba Inu (SHIB), Bonk (BONK), and Pepe (PEPE). The token operates on The Open Network (TON) blockchain, originally developed by Telegram. Telegram stopped working on TON in 2020 after a legal dispute with the U.S. Securities and Exchange Commission (SEC). Now, an open-source community manages TON, which can still be used by Telegram’s 700 million users to send tokens within the platform without using long wallet addresses.
Currently, NOT is the 80th largest cryptocurrency by market cap, trading at $0.0127, up from $0.00489 a week ago.