$NOT
TON Blockchain’s NOT coin surges 400% in past 7 days: What’s the reason behind it?
As a relatively low-key but rapidly growing part of the cryptocurrency industry, the TON blockchain has attracted a lot of attention recently. Among them, NOT coin, as one of its representative tokens, has achieved an astonishing 400% increase in the past seven days. This growth shows that the vitality of the cryptocurrency field is not limited to traditional giants such as Ethereum or Solana.
NOT coin, also known as Notcoin, has attracted widespread market attention due to its recent sharp increase in price. In just seven days, the token’s value increased more than fourfold. There are several reasons behind this growth, the most notable of which is the growing interest in NOT coins from large investors (often referred to as “whales”).
It is reported that one whale investor made an unrealized profit of up to $862,000 on NOT coins. In order to obtain this profit, the investor made a large investment before the public listing of the token. Specifically, he obtained 46.4 billion NOT through a calculated investment of 50,550 TON, which cost approximately US$278,000. This early investor's wise choice paid off handsomely as NOT's value soared.
On May 21, the whale investor exchanged his 46.4 billion wrapped NOT (wNOT) holdings for 46.4 million NOT. This move not only further promoted the price of NOT coins, but also highlighted the huge potential of early investment in emerging cryptocurrencies. Both the trading volume and price movement of NOT tokens indicate that the market’s interest and confidence in the TON blockchain is growing.
Looking at the chart, NOT coin’s trading volume has surged recently, showing strong buying activity. This is a positive sign for future price action, as the price increase is supported by the volume trend. Technically, the chart shows a series of green blazes, which represents a multi-day uptrend.
However, it is worth noting that given the recent sharp rise in NOT coins, the market may experience a short-term correction or period of profit-taking. Therefore, investors need to pay close attention to market dynamics in order to make informed decisions at the appropriate time. These market patterns may reveal important information about the future direction of a coin, so it is crucial to remain vigilant and pay attention.
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