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

2 mins
Translated Daria Krasnova
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In Brief

  • Notcoin entered the top 10 cryptocurrencies in daily trading volume shortly after its listing on major centralized exchanges.
  • The asset's market capitalization soared to $1 billion within 10 minutes, significantly outperforming its main competitors.
  • Despite an initial price drop from $0.02156 to $0.006618, NOT remains actively traded on platforms such as Binance and OKX.
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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 market performance
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.

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Daria Krasnova
Daria Krasnova is an accomplished editor with over eight years of experience in both traditional finance and crypto industries. She covers a variety of topics, including decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and real-world assets (RWA). Before joining BeInCrypto, she served as a writer and editor for prominent traditional finance companies, including the Moscow Stock Exchange, ETF provider FinEx, and Raiffeisen Bank. Her work focused on...
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