Notcoin Surpasses Major Meme Tokens in Onchain Holders and Price Surge

The recently introduced Telegram-linked cryptocurrency, Notcoin (NOT), has made a significant impact on the crypto market, with a notable price surge.

On May 30, 2024, a major milestone was announced via X (formerly Twitter), revealing that Notcoin's on-chain holder count has surpassed that of popular meme tokens such as Shiba Inu, Bonk, and Pepe.

The announcement highlighted that Notcoin has amassed 1.6 million on-chain holders, exceeding Shiba Inu's 1.4 million, Bonk's 731,000, and Pepe's 235,000.

This substantial increase reflects growing investor interest and confidence in Notcoin.

The rise in Notcoin's on-chain holders has coincided with a sharp increase in its price.

Over the past 24 hours, the price of NOT has soared by 28%, currently trading near $0.0116.

This surge is part of a broader trend, with NOT experiencing a 130% increase over the past week, despite a 20% decline over the past month.

The recent promotional staking offer has contributed to Notcoin's positive price movement.

Technical analysis indicates that NOT is on a bullish trajectory, evidenced by a significant breakout and the closing of its first daily candle in positive territory.

The optimism surrounding Notcoin is reinforced by external factors, such as the U.S. Securities and Exchange Commission's (SEC) approval of a spot Ethereum ETF.

Given that NOT is built on the Ethereum blockchain, this development could have positive implications for its value.

In contrast, other major meme coins are facing declining momentum.

Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), and Bonk (BONK) have seen declines of 3.54%, 2.5%, 4.5%, 7.5%, and 10% respectively over the same period.

Notcoin's recent success emphasizes its ability to expand its on-chain holder base and achieve substantial price gains, setting it apart from its peers in the volatile meme coin market.