Notcoin (NOT) Breaks into Top 10 Cryptos by Trading Volume

Notcoin (NOT) reached a significant milestone by entering the top 10 cryptocurrencies in daily trading volume shortly after its listing on major centralized exchanges on May 16.

Within 24 hours, NOT reached the eighth position with a trading volume exceeding $1.4 billion. Despite an initial price drop from $0.02156 to $0.006618, it remains actively traded on major platforms such as Binance and OKX.

Notcoin Broke into The Top 10

Following its official launch, Notcoin’s market capitalization soared to $1 billion within 10 minutes. It currently stands at $697 million, placing NOT 107th among the largest crypto assets. The trading volume for the game project’s token has surpassed $1.4 billion, making it the eighth most traded cryptocurrency over the past 24 hours.

Notcoin has significantly outperformed its competitors, including Pixels (PIXEL) and Saga (SAGA). After NOT’s debut, PIXEL dropped to second place, with a peak market cap of $730 million. By comparison, SAGA’s maximum capitalization was $684 million.

Read more: 5 Best Toncoin (TON) Wallets in 2024

Notcoin performance. Source: CoinMarketCap

Telegram founder Pavel Durov commented on this impressive achievement.

“This amazing success story shows how powerful the Telegram/TON ecosystems are for app developers. Telegram offers app developers more freedom than any other platform, providing unmatched opportunities to leverage social interactions for viral distribution. TON, in turn, provides scale and flexibility for any blockchain project on top of it,” he wrote.

Notcoin, a Web3 game built on the TON blockchain, launched in January as a Telegram mini-app, attracting over 35 million players. The developers claim NOT is unique among other gaming tokens, emphasizing that 100% of the coins belong to players by default.

Notcoin total supply exceeds 102 billion. The project team has distributed 80.2 billion tokens among community members. The remaining coins are allocated for new users, traders, listing companies, and future development stages of the project. Since yesterday, NOT is available on major exchanges like Binance, OKX, and Bybit and can be purchased via Telegram’s Wallet.