🍡 **Why Did $NOT Drop 50% Despite All The Buzz?** 🍡
**Notcoin**—the community token on the Ton network—has taken a nosedive after its debut on Binance. Despite all the hype, $NOT has plummeted by almost -56% from its listing price and remains down by nearly -50%. 📉
🔻 Reason for the Drop:
Community Selling: Notcoin's airdrop distribution through Telegram bots and Binance Launchpool turned out to be a double-edged sword. As soon as the airdrop recipients got their tokens, they rushed to sell, causing a sharp decline in price. 💨
🔻 Lack of Actionable Use Cases:
Notcoin's downfall is also tied to its lack of practical uses. Without real-world applications, users are gravitating towards other meme coins and undiscovered projects on the Ton network. This shift has led to low trading volumes for Notcoin. 📉
> 💬 "Because Notcoin doesn't provide any real-world applications, users are beginning to move towards other potential meme coins and new Ton network projects."
As a result, the buzz around $NOT couldn't sustain its price. Users are now eyeing alternatives that promise more utility and potential. 🌐
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