Why is notcoin dumping so intensely at the moment? Let's look at the actual causes of this steep price drop: 1. Staking Period End: On June 16, the Notcoin staking period came to an end. A large number of users are currently withdrawing their $NOT tokens after staking them for 30 days. Furthermore, weak hands are liquidating their airdropped tokens, akin to the events that transpired after $NOT's initial listing, leading to a substantial decline in value. 2. Uncertainty Regarding awards: Notcoin did not specify any awards for Silver and Bronze users, but it did announce additional rewards for Gold and Platinum league participants. Because it no longer looked worthwhile to keep Notcoin on the Telegram bot, many Silver and Bronze users made large withdrawals.
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