The circulating market value of Notcoin currently exceeds the sum of zkSync and LayerZero, demonstrating the considerable power of Memecoin.
Based on CMC data, the Telegram game Notcoin, based on the TON public chain, has been gaining popularity since its launch in early January. After a brief decline in mid-May, it began a frenzy in early June, with daily trading volume surpassing mainstream cryptocurrencies such as SOL and BNB, reaching a peak price of $0.0294 and a market value of over $2.5 billion.
Currently in a consolidation phase, Notcoin is trading at $0.0156, up 9.76% in the past 24 hours. (Dynamically reminds that NOT is highly volatile, please be cautious of risks)
Yesterday evening, @trade_tg, with 643,000 followers on X, released statistics showing that the scale of tokens airdropped to users by Notcoin is larger than the recent airdrops of L2 network zkSync and LayerZero combined, demonstrating the undeniable power of Memecoin.
Trade data shows:
Token distribution: Notcoin: 11.5 million, zkSync: 695,000, LayerZero: 1.28 million.
Total airdrop value (at peak market value): Notcoin: $25 billion, zkSync: $9.54 billion, LayerZero: $3.23 billion.
According to CMC data, based on the current circulating market value: Notcoin: $1.6 billion, zkSync: $630 million, LayerZero: $710 million. Notcoin still exceeds the sum of the latter two.
@trade_tg also added that since its launch, Notcoin has attracted far more Web3 users in just 6 months than any other project. Notcoin has no investors, does not charge users in the game, and airdrops are free, making it a massive phenomenon in the crypto community.
However, Notcoin is ultimately just a meme coin and does not have practical utility like ZK or ZRO. Notcoin’s anonymous founder, Sasha, pointed out in an interview earlier this month that he does not believe the sustainable nature of the model of earning in-game currency by clicking buttons for free.
In addition, Notcoin’s official tweet yesterday announced that $3 million worth of NOT tokens have been burnt, and $4.2 million in rewards will be provided to gold and silver users of Notcoin Explore.
With the community as the primary stakeholders, the future looks bright for Notcoin. As the most successful meme coin in the TON ecosystem, it is worth our continued attention.
