More than four months after the game launched via messaging app Telegram, Notcoin debuted its NOT token Thursday via The Open Network (TON)—and the massive airdrop yielded the largest gaming token launch of 2024 so far, along with over a billion dollars worth of trading volume so far.
The NOT token is currently trading at a price of approximately $0.0076, per data from CoinGecko, giving it a market cap of about $776 million with the entire supply of 102.7 billion tokens minted right from the start.
Some 35 million players were able to claim NOT tokens from playing the game, plus Notcoin launched staking rewards campaigns through Binance and OKX earlier this week.
Both CoinGecko and CoinMarketCap show the token price plunging soon after launch, as more and more players claimed their tokens and sold them into the market, though they disagree on how high the price went. CoinGecko points to a peak of $0.0215 while CoinMarketCap goes much lower at $0.0144.
The NOT token of viral Telegram-based game Notcoin will be listed on Thursday, May 16 via multiple crypto exchanges—and in advance of the rollout, developer Open Builders opened up the in-game claim process for all players early Tuesday.
Some 35 million players of the clicker game can now choose what to do with their earned NOT tokens, which are being awarded at a 1,000-to-1 ratio based on the in-game coins they mined earlier this year. So if you mined 100,000 in-game coins, then you’ll be able...
That’s reflected in the estimated size of the price drop, with CoinGecko showing NOT down 65% on the day, while CoinMarketCap says it’s down 48%. In any case, new crypto tokens often see volatile pricing right out the gate due to limited liquidity, and we’ve seen these types of tracking disparities with other recent launches as well.
In any case, that also puts the token’s peak market cap at different levels, with CoinGecko pointing to a $2.21 billion market cap at the highest price, while CoinMarketCap says NOT peaked at a market cap above $1.48 billion.
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Open Builders founder Sasha Plotvinov speaks with Decrypt's Sander Lutz at Token 2049 Dubai about how he envisions Notcoin's expansion and evolution after the token drop—into something akin to the "Netflix of social, viral games."
Either way, Notcoin stands well above the competition when it comes to this year’s biggest gaming token launches by market cap. The runners-up are Pixels (PIXEL), which peaked at $731 million according to CoinGecko, and Saga (SAGA) at a peak cap of $684 million.
Notcoin trading has already topped the billion-dollar mark in a matter of hours, with CoinMarketCap reporting about $1.07 billion worth of trading volume. That makes it the 14th most-traded coin by that metric over the last 24 hours.
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The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy.
The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin.
One of those fundamentals is Bitcoin’s 21 million fixed token supply.
While the video explains t...
El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys.
That’s according to Stacy Herbert, the head of El Salvador’s National Bitcoin Office, who wrote on X (formerly known as Twitter) Thursday that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward.
El Salvador in 2021 made Bitcoin legal tender along with...
