Latest information shows that as of May 2025, NOTcoin (NOT) cryptocurrency has a large number of on-chain holders, with data indicating that the number of holders exceeds 2.86 million, and nearly 8 million wallets have interacted with the token. Other sources (June 2024) mention the holder count as 1.6 million, while an updated report (July 2025) indicates the number of holders is around 2.86 million, but 82.7% of the supply is held by just 80 whale wallets.
Such a large number of holders indicates several key aspects of the NOTcoin project:
Widespread adoption and popularity: The number of holders exceeding one million indicates that NOTcoin has achieved significant user adoption and widespread attention. Considering its origins in a Telegram-based game, this is particularly noteworthy, suggesting its success in onboarding users into the cryptocurrency ecosystem through gamification.
Strong community engagement: A large holder base typically reflects a strong and active community. For NOTcoin, its viral spread within Telegram further amplifies this, indicating that many users participated in the game and exchanged their in-game points for tokens.
Decentralization (with a caveat): While millions of holders suggest a wide distribution of tokens, a report emphasizes that a significant portion of the supply (82.7% held by 80 wallets) is controlled by 'whales.' This indicates a high level of centralization among the largest holders, and if these whales decide to move their assets, it could lead to increased price volatility (potentially causing rapid spikes or crashes).
Low barrier to entry: NOTcoin has successfully attracted millions of holders, proving its low entry point. It leverages Telegram's vast user base and built-in wallet features, allowing new users to easily access cryptocurrency.
Summary:
The large number of on-chain holders of NOTcoin highlights its tremendous popularity and successful user acquisition strategy achieved through gamification and integration with Telegram. However, the concentration of supply among a few large holders also indicates a higher risk of volatility, a common characteristic of many emerging, high-growth cryptocurrencies.
