Gaming token Notcoin down by almost 50% after airdrop launch.
NOT, a gaming token on the TON network, has continued to decline hours after its airdrop launch and is currently down nearly 50%.
NOT's decline follows a similar pattern to that of cryptocurrency airdrops, which experience massive sell-offs after their launch.
Gaming tokens have largely underperformed compared to other categories in the crypto market.
NOT experienced a rapid decline hours after its anticipated launch on Thursday, shedding almost 50% of its value. This continues the cycle of huge selling pressure faced by cryptocurrency airdrops after their launch, especially the launch of gaming tokens in recent times.#Notcoin👀🔥 #GamingCoins #Marketupdate #fahadcreator $NOT