Analysis of the price movement of TON chain Meme coin NOT Token

As the first phenomenal GameFi project in the TON (The Open Network) ecosystem, Notcoin (NOT) has continuously attracted market attention since its launch in May 2024, thanks to its viral "click mining" mechanism and deep integration with Telegram. As of May 20, 2025, the price of NOT has stabilized in the range of $0.00160 - $0.003, with a market capitalization of approximately $283 million, ranking it among the top 200 cryptocurrencies. This article will analyze the price trajectory, ecological support, and market expectations to deeply explore the trend logic of the NOT token.

NOT Price Trajectory: The Cycle from Explosion to Fluctuation

The price trend of NOT perfectly illustrates the typical characteristics of Meme coins—short-term explosive power and high volatility coexist:

• Historical Peak: On June 2, 2024, NOT reached a historical high of $0.029, an increase of 190% from the initial price of $0.01, with a market cap briefly exceeding $3 billion.
• Deep correction: Affected by the overall market adjustment and profit-taking pressure, NOT fell to a low of $0.0017 in April 2025, shrinking over 90% from its peak.
• Periodic Recovery: Starting from May 2025, as on-chain DeFi activities surge, the NOT price gradually rises to $0.016 - $0.020, with a 30-day increase of 46.29%.

From a technical perspective, NOT is currently facing a key resistance level at $0.003, and if it breaks through, it may challenge $0.005; conversely, if it falls below the support at $0.0015, it could retract to $0.0012. It is worth noting that NOT's 24-hour trading volume/market cap ratio is 15.81%, indicating that NOT's market activity may be relatively low.

Ecological Support: TON Network Expansion and GameFi Evolution

The value anchoring of NOT is inseparable from the continuous prosperity of the TON ecosystem:

1. Telegram User Conversion Engine: The deep integration of TON and Telegram provides NOT with a potential traffic pool of 900 million monthly active users. Users can directly participate in NOT mining and trading through the built-in wallet in Telegram, significantly lowering the Web3 threshold.
2. Infrastructure Upgrade: The high throughput of the TON network (theoretical TPS over one million) and low transaction costs (approximately 0.04 USD) provide technical support for high-frequency gaming interactions, supporting NOT's "click mining" model.
3. Ecological Synergy Effect: Major exchanges like Gate continue to launch TON ecological projects (such as Hamster Kombat, Catizen) and attract capital inflow through Launchpool, indirectly enhancing the liquidity premium of NOT.

In addition, the token economic model design of NOT strengthens community stickiness:

• No pre-mining mechanism: 78% of the tokens are distributed to early participants through game mining, avoiding the risk of whale control.
• Full circulation strategy: 100% release of tokens upon launch, reducing inflation pressure, but caution is needed regarding early miner sell-offs.

Market Expectations: Growth Potential Amid Divergence

Institutional and analyst predictions for the future of NOT show significant divergence:

2025

• Conservative Model: WalletInvestor predicts an average price of 0.0065 USD, with a fluctuation range of 0.0045 - 0.0082 USD.
• Optimistic Model: DigitalCoinPrice predicts that the price may exceed $0.0557, and if the TON ecosystem users exceed 200 million, the increase may exceed 300%.

2030

• Technical faction: CoinCodex believes that NOT could rise to $0.0894, provided that GameFi and SocialFi merge to create scale effects.
• Risk scenario: If the Meme coin craze fades or the TON ecosystem's growth slows down, NOT may remain below 0.01 USD for a long time.

Investment Strategy: Three Principles of Balancing Returns and Risks

1. Trend Tracking: Focus on the USDT trading volume on the TON chain (current daily average P2P transaction median of $15 - $100) and the NOT mining activity within Telegram, both of which show a strong positive correlation with price.
2. Portfolio Configuration: Combine NOT with assets like BTC, TON, etc., to diversify the volatility risk of a single Meme coin. It is recommended that the allocation ratio does not exceed 5% of the investment portfolio.
3. Technical Indicator Assistance: Combine RSI (Overbought Threshold 70) with MACD Golden Cross signal, gradually accumulate positions below $0.015, and gradually take profit after breaking through $0.025.

Conclusion: Reassessment of the Value of Web3 Traffic Entry

The long-term value of NOT depends on three variables: the speed of TON ecosystem expansion, innovation in GameFi gameplay, and market sentiment cycles. If NOT realizes the vision of being the "Netflix of crypto games," it could open up tenfold growth potential. Investors should be wary of high volatility risks and consider it as a tool for allocating ecological beta returns rather than a stable asset target.

Author: Blog Team *This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of its services from restricted regions. Please read the user agreement for more information, link: