The post Will Notcoin (NOT) Revisit Its All-Time Low appeared on BitcoinEthereumNews.com.

Since the arrest of Telegram’s CEO Pavel Durov on August 24, Notcoin’s (NOT) price has plummeted. Trading at $0.0088 at press time, the altcoin’s value has since declined by 20%. With rising selling pressure, NOT is at risk of falling toward its all-time low of $0.0046, last recorded on May 24.  Notcoin Whales See an Opportunity Due to NOT’s recent price struggles, the number of active addresses trading the altcoin has steadily declined over the past seven days. Data from IntoTheBlock shows a 76% decrease in unique addresses that have completed at least one NOT transaction during this period. Similarly, demand for the altcoin has waned. The on-chain data provider reports that the number of new addresses created to trade NOT has dropped by 77% over the past week. Notcoin Daily Active Address. Source: IntoTheBlock When an asset experiences a drop in daily active and new addresses, it signals a decline in interest, with fewer people engaging with the cryptocurrency and indicating weakening market sentiment. Interestingly, despite this decline, NOT whales have taken advantage of the situation by increasing their accumulation. The token’s large holders’ netflow has surged by 312% over the past seven days. For context, this metric reached a three-month high of 15.33 billion NOT on August 24, following the news of Durov’s arrest, which caused the prices of Telegram-based assets to plunge. Read more: Notcoin (NOT) Price Prediction 2024/2025/2030 Notcoin Large Holders Netflow. Source: IntoTheBlock Large holders are addresses that hold over 0.1% of an asset’s circulating supply. Their netflow measures the difference between the amount of coins they buy and the amount they sell over a specific period. When the large holder netflow surges, it indicates that whale addresses are accumulating more of the asset, increasing their overall holdings. NOT Price Prediction: Bad Times Are Not Over…

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Filed under: News - @ August 28, 2024 6:22 am