Notcoin News: Notcoin Donates 1 Bln NOT To Telegram CEO Pavel Durov, Here’s Why

Coingapestaff
May 17, 2024 Updated May 20, 2025
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Highlights

  • Notcoin surprises the cryptocurrency world with a massive donation of 1 billion NOT to Telegram CEO Pavel Durov.
  • The rise of Notcoin as a leading player within the TON ecosystem highlights its potential for innovation and value creation.
  • Despite market fluctuations, Notcoin's listing on major exchanges and growing user base signal promising prospects for future growth and adoption.

Notcoin has made headlines by donating a staggering 1 billion NOT ($6.8 Million) to Pavel Durov, the CEO of Telegram and Telegram. This unprecedented gesture has sparked curiosity and speculation, prompting questions about the motivations behind such a substantial donation. It’s not every day that a cryptocurrency project decides to allocate such a significant sum to an individual, especially one as prominent as Pavel Durov.

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Telegrams Impact To The Rise of Notcoin

TON ecosystem game Notcoin announced a donation of 1.03 billion Notcoin (NOT), equivalent to about 6.8 million US dollars, to Telegram founder Pavel Durov and Telegram. This move comes on the heels of Notcoin’s meteoric rise within the cryptocurrency market.

Notcoin, initially introduced as a mini-app on the Telegram platform, has experienced exponential growth, attracting millions of users in a relatively short period. With its innovative gameplay mechanics and seamless integration with Telegram, Notcoin quickly became a favorite among users, propelling it to the forefront of the cryptocurrency landscape.

The recent minting of Notcoin on the TON blockchain and its subsequent listing on major exchanges further solidified its position as a formidable player in the market. The sudden surge in value and market capitalization underscored the immense potential of the Telegram/TON ecosystems for app developers. Notcoin’s success story serves as a testament to the power of social interactions and decentralized platforms in driving innovation and value creation within the cryptocurrency space.

Also Read: Arthur Hayes Sparks Speculations With Cryptic Post As SOL Price Rallies

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Notcoin’s Market Impact and Future Prospects

Notcoin was recently launched on Binance Launchpool and OKX Jumpstart at the same time, with a total circulation of 102.7 Billion NOT. Binance market data shows that The price of Notcoin (NOT) is $0.006807 today with a 24-hour trading volume of $887.4 Million. This represents a -19.62% price decline in the last 24 hours however just after the major launch had peaked to over $0.01163. Notcoin has a total market value of $728.38 million. Despite a recent downturn in price, attributed to market volatility and speculative trading, Notcoin’s fundamentals remain strong.

Its listing on reputable exchanges and growing user base signal promising prospects for future growth and adoption. As we witness a burgeoning ecosystem of mini-apps being developed on Telegram and TON, Notcoin stands out as a trailblazer, paving the way for others to follow suit. With its unwavering commitment to innovation and user-centric design, Notcoin is poised to continue its upward trajectory, reshaping the landscape of decentralized applications and redefining the possibilities of blockchain technology.

Also Read: Binance Exec Tigran Gambaryan Bail Rejected By Nigerian Court

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.