The well-known cryptocurrency Notcoin (NOT) has seen a significant 18.3% decline, dropping from $0.02071 to $0.0175, since the end of its recent airdrop claim period on Sunday. At the time of writing, Notcoin is trading at $0.01804 with a market cap of $1.85 billion. In the last 24 hours, Notcoin’s trading volume has dipped by more than 20%, settling at $809 million. This decline accompanies a broader market correction, with Notcoin now trading over 37% lower than its peak value of $0.02896. Nonetheless, it remains the 57th largest cryptocurrency by market capitalization, surpassing prominent projects like Jupiter and zkSync in the hype.

Despite this downturn, Notcoin has amassed a sizable user base, boasting 11.5 million holders, with at least 2.5 million confirmed as on-chain participants. Notcoin is a partially new crypto that operates on the TON blockchain and gained initial attraction through an airdrop to users of a popular Telegram-based tap-to-earn game.

The game’s success led to Notcoin’s rapid adoption and favorable attention from the crypto community. Concurrently, the TON blockchain itself has experienced a surge, recently surpassing its previous all-time high and exceeding $8.08. Active wallet addresses on TON have surpassed 577848, indicating significant ecosystem growth.