Key Highlights
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Price Surge: NOT token jumps 10% after Pavel Durov's endorsement.
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Record Trading Volume: Notcoin hits $4 billion in daily trading.
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Community Growth: Notcoin attracts over 35 million users in a few months.
NOT/USDT price chart | Source: KuCoin TradingView
According to news on BeInCrypto, Telegram founder Pavel Durov celebrated Notcoin's success, sparking a 10% rise in NOT's price. On June 3, Notcoin's daily trading volume hit a record $4 billion, placing it among the top five traded cryptos. The value of NOT tokens donated to Durov increased from $6 million to nearly $25 million.
Durov's Endorsement Fuels Notcoin Rally
Pavel Durov, Telegram's founder, recently praised Notcoin, further boosting its price rally. He shared that the NOT tokens donated by Notcoin’s developers quadrupled in value within two weeks. Initially worth $6.8 million, these assets now approach $25 million.
Notcoin, a Web3 Telegram-based game on The Open Network (TON), operates as a mini-app within Telegram. The project has attracted over 35 million users in a few months. Since launching the NOT token on May 16, its market cap has exceeded $2.5 billion. On June 3, Notcoin's trading volume reached $4 billion, making it one of the top five traded cryptocurrencies. Durov expressed his admiration for Notcoin's rapid growth.
"A month ago, Notcoin was the largest cryptocurrency community in the history of social media. Today, the Notcoin community is rivaled only by projects it inspired — similar mini apps on Telegram that are allowing tens of millions of users to benefit,” Durov wrote.
Earlier, the Notcoin team donated over 1 billion NOT tokens to Durov, valued at $6.8 million. These coins are now worth over $24 million. Durov plans to hold these assets until their value increases a hundredfold.
NOT Price Performance
Durov’s latest post triggered a 10% jump in NOT price. According to BeInCrypto data, the asset is trading at $0.024 at the time of writing. Over the past week, the Notcoin price has skyrocketed over 300%. This growth is driven by the launch of staking, support from major exchanges, and plans to burn NOT tokens.
The Notcoin team continues to foster community enthusiasm, contributing to NOT’s rally. Recently, they announced a contest with a prize of 20 million tokens. To participate, users must submit their project vision in any format. The campaign runs until June 24.
