Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Notcoin (NOT) Whales Accumulate as Price Surges 11%

Notcoin (NOT) Whales Accumulate as Price Surges 11%

Coinedition2024/10/20 16:00
By: Ikemefula Aruogu
  • The number of whales holding NOT increased in the past month.
  • NOT’s price surged over 11% in the past month.
  • The crypto token’s price rebound has rekindled users’ hopes for a bullish run.

There is a growing suspicion of whale accumulation of Notcoin (NOT), the native crypto of a Telegram-based game that allows players to earn tokens by tapping a virtual coin and completing in-game tasks. According to IntoTheBlock, the number of whales holding NOT increased in the past month, particularly last week.

NOT’s price reflects this accumulation, with the crypto asset surging over 11% in the past month. TradingView data shows that in the past four weeks, NOT has climbed from $0.0076 to $0.0085. The token’s price rebound has boosted users’ hopes for a potential recovery for the game-based crypto after a significant pullback.

Notcoin’s Rapid Rise and Subsequent Retracement

Notcoin runs on the TON (Telegram Open Network) blockchain, a protocol known for its high transaction throughput and security features. NOT launched for trading in mid-May 2024 and surged over 2,800% in less than one month. Analysts attributed NOT’s rapid rise to high adoption, with over 35 million users participating in the project’s token redemption exercise when it launched in May.

Notcoin’s market cap reached $2.56 billion in the early weeks before falling back. CoinmarketCap data shows this value has dropped to $855.6 million at the time of writing. However, the chart pattern suggests the pullback may be finding a bottom.

Notcoin’s initial price rally took the in-game asset to an all-time high of $0.0293 before retracing. According to TradingView data, the cryptocurrency was trading at $0.00833 at the time of writing, down 71% from its all-time high.

Given IntoTheBlock’s observation and Notcoin’s recent price activity, users are optimistic about NOT’s future. The latest rally began after multiple retests of the support level around $0.069. Analysts expect NOT to break above resistance at $0.0106 to confirm a trend reversal and initiate a significant uptrend.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — AVNT/USDT!
Bitget Announcement2025/09/15 09:50

Trending news

More
1
New spot margin trading pair — AVNT/USDT!
2
Crypto Loan Carnival round 24: Borrow USDT, USDC to enjoy an APR discount of up to 40%

Crypto prices

More
Bitcoin
Bitcoin
BTC
$114,954.93
-0.77%
Ethereum
Ethereum
ETH
$4,526.09
-2.43%
XRP
XRP
XRP
$2.99
-2.29%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$919.83
-1.44%
Solana
Solana
SOL
$235.6
-4.41%
USDC
USDC
USDC
$0.9999
+0.02%
Dogecoin
Dogecoin
DOGE
$0.2647
-7.70%
TRON
TRON
TRX
$0.3456
-0.93%
Cardano
Cardano
ADA
$0.8626
-4.59%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter