One of the cryptocurrency industry’s quietest and fastest-growing segments is TONNE blockchain. Not all of its activity is concentrated on the Ethereum or Solana networks, as seen by the tremendous spike in some of its coins, such as NOT coin, which secured a 400% gain in just seven days.
Notcoin is gaining attention as a result of its notable price rise. In the past seven days, the coin’s value has surged by more than 400%. The increasing interest in whales is one of the factors contributing to this growth.
https://x.com/lookonchain/status/1797464129147699264
One whale has achieved an unrealized profit of $862,000 with NOT coin. This particular whale invested an estimated 50,550 TONNE, or $278000, to purchase 46.4 billion NOT prior to the coin’s public listing. NOT’s value increased, resulting in substantial profits on the initial investment.
The whale converted 46.4 billion wrapped NOTs (wNOT) into 46.4 million NOTs on May 21. The significant return on investment obtained by keeping onto this investment indicates the possibilities of making prudent early investments in newly developing cryptocurrencies. The trade volume and price movement of NOT coins suggest growing interest in and confidence in the TONNE network.
Significant purchasing activity is indicated by the recent jump in volume on the chart, which is encouraging for further price moves. The volume patterns are consistent with the price growth, suggesting that the token may be more popular in the long run than merely a short-term pump. In technical terms, a series of green candles on the chart indicate several days in a row of advances.
However, considering the recent strong rise, there may be a brief pullback or period of profit-taking. It is crucial to pay special attention to these patterns because they may provide insight about the direction the coins will take in the future.
Relative strength index at the bottom of the chart indicates that the coin is approaching overbought circumstances, which might lead to a correction.
