Notcoin (NOT) Leads Market Gainers, Surges 15% in 24 Hours After $3M Token Burn and $2.5B Airdrop Announcement

We can rightly say that Notcoin (NOT), the recently launched Telegram-powered cryptocurrency, has become one of the most extensively discussed projects in the Web3 space.

Telegram-poweredcryptocurrencyNotcoin(NOT)hasrecentlyseenastrongsurgeinvalue,leadingthemarketgainersonCoinmarketcap.ThesurgecomesafteranannouncementonJune25fromtheproject,statingthattheyhadburned$3millionworthof$NOTtokens.Theupdatealsoincludesdetailsofa$4.2millionincentiveprogramforGoldandPlatinumusersoftheNotcoinExploreplatform.ThetokenburnispartofNotcoin'sstrategytoenhanceitstokeneconomicsandprovidevalueforusers.“NotcoinTokenomicsisnowextremelycommunity-oriented,”theteamhighlighted.TheTON-poweredtap-to-earnprojectaimstocreatescarcitybyreducingtheoveralltokensupply,whichcouldincreasethetoken'svalueandattractiveness.Thisstrategyseemstobeworking,asevidentfromNOT'spriceperformancetoday.AnotherpossiblereasonfortherecentincreaseinNotcoin'spricecouldbetheirannouncementonJune26,revealingthat$2.5billionworthofNOTtokenswouldbedistributedtotheNotcoincommunity.Asmentionedearlier,theirseriesofairdropsislargerthanthecombinedairdropsofZkSyncandLayerZero.Asofthelatestupdate,NOTischanginghandsfor$0.01617.Itsdailytradingvolumehasincreasedby74%toreach$579million,andthetoken'smarketcapitalizationhasalsorisenby13%to$1.65billion.Notcoindailypricedata(Source:Coinmarketcap.com)AccordingtoCoinMarketCapdata,NOTisthe53rdlargestcryptocurrencybymarketcap.TheNOTtokenhasnowsurpassedwell-knowncoinssuchasFloki,ThetaNetwork,Celestia,andJasmycoininsize.

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