Notcoin, a cryptocurrency that recently made its way onto Binance, has experienced an extraordinary surge in value. Over the past 24 hours, it has seen an astonishing 34% increase, and over the course of the last seven days, it has risen by a staggering 78%. These fluctuations are a direct result of its listing on major exchange platforms like Binance.
When Notcoin was listed on Binance on May 16, it immediately made an impact on the market. Transaction volumes and active user addresses saw a significant increase, showcasing the cryptocurrency community’s quick response to new listings. The surge in activity demonstrated the immediate market impact of Notcoin’s inclusion on Binance.
However, after the initial excitement, Notcoin experienced a decline in both price and trading volumes. This suggests that the market initially overreacted to the listing, but then corrected itself. Such patterns are common in the cryptocurrency market following significant listing events.
Despite this post-listing decline, there has been continued accumulation of Notcoin by large holders. These holders, each holding over 10,000 Notcoins, have been actively acquiring the token. This behavior indicates strong long-term confidence in the potential of NOTCOIN and suggests the possibility of a future price recovery.
Notcoin’s airdrop strategy played a significant role in its distribution. A total of 69.59% of the tokens were distributed through on-chain withdrawals, while 22.87% were allocated as community rewards. Additionally, 7.53% were distributed as Notcoin vouchers, with the aim of fostering broad engagement and solidifying user loyalty.
The community incentives were executed through various platforms, with Binance accounting for 41.96% of the distribution. Other significant distributions were carried out through wallet campaigns (32.51%), OKX (17.19%), and Bybit (8.25%). This diversified approach enhances user engagement across different platforms, further strengthening Notcoin’s position in the market.