NOT The narrative continues to heat up, but the core of pricing remains in data and mechanisms. Focus on three points: 1) Token distribution and unlocking rhythm, whether the proportions for team/ecosystem/community are healthy; 2) Real demand for the protocol: on-chain activity, fees, and retention, whether a positive cycle is formed; 3) Value capture design: whether fee backflow, staking rewards, and buying pressure sources are sustainable. Pay less attention to emotions, and more to fundamentals and cash flow, using data to validate imagination. @The Notcoin Official #notcoin $NOT