Notcoin (NOT)
Telegram tap-to-earn game token. 100% circulating supply means no open overhang but zero DeFi integration and massive user base already rewarded.
Ranked 231st of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
NOT scores 73 of 250 across the 25-variable framework, which places it 231st of 251 rated tokens and inside the bottom 10% of the set. The framework verdict is PASS.
NOT is a top-10 name in the set on one variable. The score rests on Circulating / FDV Ratio 9/10, 10th of 251, Vesting Schedule 8/10, 21st of 251, Supply Inflation 7/10, 26th of 251 and Social Mindshare 5/10, 41st of 251.
Against the same universe, NOT sits in the bottom third on Competitive Moat 1/10, 242nd of 251, Treasury Runway 2/10, 240th of 251, Institutional Adoption 1/10, 238th of 251 and Developer Activity 2/10, 238th of 251. These are the variables that would have to move for the verdict to change.
97% of eventual supply is already circulating, so vesting is not a live risk for NOT. Price has to be justified by demand rather than absorbed against a cliff.
NOT trades 98.8% below its all-time high of $0.0284. Recovering that level is a 83.3x move, not a 98.8% one, which is the arithmetic most drawdown charts hide.
The framework score gained 15 points against the previous pass (58 to 73). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 1 | 221st of 251 | |
| Revenue Trend | 1 | 231st of 251 | |
| P/S Multiple | 1 | 234th of 251 | |
| Real Staking Yield | 1 | 226th of 251 |
Supply
| Supply Inflation | 7 | 26th of 251 | |
| Vesting Schedule | 8 | 21st of 251 | |
| Circulating / FDV Ratio | 9 | 10th of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 2 | 217th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 1 | 229th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 2 | 238th of 251 | |
| Network Growth | 2 | 215th of 251 |
Position
| Market Share | 2 | 203rd of 251 | |
| Competitive Moat | 1 | 242nd of 251 | |
| Institutional Adoption | 1 | 238th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 5 | 41st of 251 |
Risk
| Regulatory Safety | 4 | 213th of 251 | |
| Catalyst Calendar | 2 | 222nd of 251 | |
| BTC Alpha Potential | 2 | 200th of 251 | |
| Team Execution | 2 | 230th of 251 | |
| Treasury Runway | 2 | 240th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
TON network growth; Telegram gaming expansion
Principal risk
All users already rewarded; zero utility post-game; completely dependent on TON/Telegram narrative
Market and supply
| Price | $0.000353 |
| Market cap | $35.1Mrank 564 |
| All-time high | $0.02842 Jun 2024 |
| Circulating supply | 99,429,405,867 |
| Eventual supply (max supply) | 102,456,956,843 |
| Dilution to full supply | 1.03x |
| Listed on | Binance, OKX, Bybit |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to NOT measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [Open Builders] Notcoin tap-to-earn game on Telegram attracted 35M+ players before token launch
- [CoinMarketCap] NOT token has 100% circulating supply with no future vesting pressure
- [CoinGecko] Notcoin listed on major exchanges in May 2024 with immediate decline post-listing
Common questions
- What is the Early Thunder score for Notcoin (NOT)?
- NOT scores 73 out of 250 on the 25-variable framework, ranking 231st of 251 rated tokens (bottom 10%). The framework verdict is PASS.
- What are NOT's strongest fundamentals?
- NOT ranks highest on Circulating / FDV Ratio 9/10, 10th of 251, Vesting Schedule 8/10, 21st of 251, Supply Inflation 7/10, 26th of 251 and Social Mindshare 5/10, 41st of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the NOT thesis?
- NOT scores in the bottom third of the universe on Competitive Moat 1/10, 242nd of 251, Treasury Runway 2/10, 240th of 251, Institutional Adoption 1/10, 238th of 251 and Developer Activity 2/10, 238th of 251. The single risk carried on the scorecard is: All users already rewarded; zero utility post-game; completely dependent on TON/Telegram narrative
- How much NOT supply is still to enter circulation?
- 97% of eventual NOT supply is circulating today, leaving 1.03x the current float still to arrive. At a flat price per token that is 3% of fully diluted value ahead of current holders.
- How far is NOT from its all-time high?
- NOT trades 98.8% below its all-time high of $0.0284. Returning to that high requires a 83.3x move from the level used in this scoring pass.
- Which tokens have a similar profile to NOT?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to NOT are DOGS (62), POPCAT (73), NEIRO (56) and WIF (88). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for NOT?
- TON network growth; Telegram gaming expansion
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.