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#Binance #Web3 Sharp decline in Notcoin ($NOT ): What happened?

Notcoin (NOT), the cryptocurrency that received significant support from Telegram, has seen a significant drop in its value recently. After reaching a high of $0.037 in its debut, Notcoin's value fell by more than 85% in the first week of its launch (Cryptonoticias) (BeInCrypto).

Factors causing the decline:

Airdrop Token Sales: One of the main reasons for the low prices is that many investors sell their Airdrop tokens immediately after receiving them. This results in oversupply in the market, causing prices to drop dramatically (BeInCrypto).

Market Volatility: Like many currencies…