In an eventful week of trading, Notcoin has experienced a remarkable 34% surge in value within the last 24 hours, accompanied by a staggering 78% increase over the past week. These fluctuations come in the wake of the cryptocurrency’s recent addition to major exchange platforms such as Binance.
The integration of Notcoin into Binance on May 16 caused a notable spike in transaction volumes and active user addresses, showcasing an immediate impact on the market. This surge in activity demonstrates the swift response of the cryptocurrency community to new listings.
The initial listing of #NOTCOIN on a major exchange resulted in a surge in transaction volumes and active addresses, but prices and trading volumes later experienced a decline. However, ongoing accumulation by large holders and strategic airdrop distributions indicate a sense of long-term confidence.
After the initial hype, Notcoin witnessed a drop in both price and trading volumes, indicating an initial market overreaction that later corrected itself. Such fluctuations are common in the cryptocurrency market following significant listing events.
Despite the post-listing dip, large holder groups, each possessing over 10,000 Notcoins, have been actively amassing the token. This behavior reflects a strong belief in NOTCOIN’s potential for long-term growth and suggests the likelihood of a future price rebound.
A significant portion of Notcoin’s airdrop strategy involved distributing 69.59% of tokens through on-chain withdrawals. Additional incentives included 22.87% in community rewards and 7.53% in Notcoin vouchers, with the aim of promoting widespread engagement and strengthening user loyalty.
A substantial portion of the community incentives (41.96%) was carried out through Binance, with other notable distributions through wallet campaigns (32.51%), OKX (17.19%), and Bybit (8.25%). This diversified approach enhances user interaction across various platforms, further solidifying the token’s position in the market.