On May 19, Notcoin opened the week with a sharp drop of 16.1%.
The token, which was first launched as a closed beta of Telegram in November 2023, suffered an intense sell-off soon after its launch.
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The token plunged 55% after its launch as airdrop farmers rushed to cash out. This sell-off movement continued last week.
Nevertheless, it gave up the opportunity to recover most of its losses when Bitcoin and other cryptocurrency markets rose on May 20.
Notcoin rose only 2.57% and continued its downward momentum in the following days.
The new stock fell another 10.63% from the previous week to close below $0.005.
The 10.01% rebound on May 25 was not enough to offset all of the losses last week. NOT is currently valued at $0.004964, down 86.76% from its high of $0.0370 set on the day of its listing on Binance.
