๐ก **Why Did $NOT Drop 50% Despite All The Buzz?**
Notcoin, the main community token on the Ton network, experienced a significant drop after its debut on Binance. $NOT has fallen by almost -56% from its listing price and is currently still down by nearly -50%.
- ๐ป **Reason for the Drop**: One of the main reasons was community selling. Notcoin distributed its tokens through an airdrop on Telegram bots and Binance Launchpool. Airdrop recipients immediately sold their tokens, leading to a sharp decline in price.
- ๐ป **Lack of Actionable Use Cases**: Notcoin lacks practical uses, prompting users to consider other potential meme coins and undiscovered projects on the Ton network. This resulted in low trading volumes for Notcoin.
> ๐ฌ "Because Notcoin doesn't provide any real-world applications, users are beginning to move towards other potential meme coins and new Ton network projects."
