Here’s why Notcoin price surged 10% on new market plans
The price of the Notcoin token jumped 10% after an optimistic update from the project’s founder sparked excitement among speculators.
Notcoin (NOT), a meme coin that gained popularity through its Telegram-based clicker game, jumped 10% on Thursday after its founder announced the token’s U.S. expansion.
Notcoin’s founder Sasha Plotvinov shared the news in an X post on Feb. 13, saying that “Notcoin will become available for US market tomorrow.” The announcement seemingly sparked immediate excitement among holders and speculators. Amid the news, the token briefly touched $0.0032 before pulling back to $0.003. Plotvinov didn’t provide any other details though, nor named the platform, where NOT would become available.
The U.S. expansion comes as Telegram-backed blockchain ecosystem, The Open Network (TON), also looks to establish a presence in the country.
As crypto.news reported earlier, The TON Foundation, closely tied to Telegram Messenger, is planning to enter the U.S. market, citing expectations of a more favorable regulatory environment under President Donald Trump. As part of its expansion strategy, the foundation recently appointed Manuel Stotz, founder of Kingsway Capital Partners, as its new president, replacing Steve Yun, who will remain on the board.
Previously, Telegram’s attempt to raise funds for its blockchain project faced challenges from U.S. regulators, leading to a settlement with the Securities and Exchange Commission in 2020. Following that settlement, Telegram discontinued its involvement with the TON blockchain and agreed to return $1.2 billion to investors and to pay an $18.5 million civil penalty.
