The Success of Telegram-Linked Altcoin Attracted 1 Billion Dollars of Investment!

The success of Telegram-connected Notcoin directly affected investments in the cryptocurrency sector.

According to the report published by the research company KuCoin Research of the leading cryptocurrency exchange KuCoin, the upward performance of Telegram-connected Notcoin (NOT) has increased the investment appetite for similar projects.

New products in the cryptocurrency market stood out by receiving investments of around $1 billion in May. According to the data provided, 156 investments were opened to the public in May.

10% increase compared to last year

This appetite in investments led to an increase of 10.61% compared to May 2023. In comparison, there was only a 6.4% decrease compared to last April.

In terms of investments, Ethereum, Ethereum Virtual Machine (EVM) chains, and layer-2 (L2) network projects have remained popular among institutional investors.

However, non-EVM chains such as Bitcoin, Solana, Fantom, and TON also ranked among the 15 most popular networks among investors in May.

Among the most active investors in May are Animoca Brands and OKX Ventures. Animoca Brands signed 15 agreements, while OKX Ventures invested in 11 projects. Additionally, Cogitent Ventures, SNZ Holding, and DWF Labs were positioned among active investors with 10, 8, and 7 deals respectively.