- Toncoin (TON) gears up for the launch of Notcoin (NOT) massive gains ahead for both assets.
- Over $12 billion in staked assets are present on Binance Pool for NOT pre-launch.
- This value is more than PEPE and WIF combined, bringing it close to SHIB value.
Toncoin (TON) continues to defy the crypto market as it continues its uptrend. The asset is up by 31.4% in the last 14 days and up by a total of 277% in the last year. This incredible performance is only the beginning for the popular altcoin.
According to this post, the latest buzz for TON comes from Notcoin. This token is also a Telegram-based game with over 35 million players. So far the game has about 6 million daily active users. Having launched on the TON Network, NOT brings more value to TON.
In detail, the post notes that there is over $12 billion staked into NOT pre-launch pools on Binance. This means the project has more than PEPE and WIF FDV combined, putting it to nearly as much as the Shiba Inu’s (SHIB).
Presently, the Total Value Locked (TVL) on Toncoin brings it to a record high of $585 million. This is a remarkable surge from the $71 million mark when the project launched last year. The rise in Toncoin’s performance is thanks to the performance of its DeFi assets.
This is a significant observation as the DeFi industry overall is not doing as well as it could. In fact, the TVL of Ethereum has dropped by 5% in the last 7 days while Soalana, Arbitrum, Tron, and Base have lost millions in assets. This is a testament to the popularity of Toncoin.
This remarkably bullish trajectory of TON is happening before the official Notcoin launch. According to many in the crypto space, Notcoin could become the biggest memecoin in the TON ecosystem. With over $12 billion of staked assets into the Notcoin pre-launch pools on Binance, this expectation may not be a stretch.
According to CoinGecko, the price on TON is currently at $7.02 and has over $24 billion market cap with a $863 million in trading volume. This brings it close to its ATH of $7.63 from a month ago, an impressive feat as the token stood at $0.5 at its lowest.
Read Also
Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
