@connonstricklind

Notcoin’s value tanked post-airdrop largely due to unmanageable selling pressure fueled by hype and fear. The project blew up as a meme coin with a simple game, but most users joined to earn free crypto, not to support the ecosystem. When the tokens were finally tradable, a wave of sell orders hit—free tokens mean zero cost to sell, so selling immediately was the smart move. This supply explosion sent prices plunging, and once the downward trend started, panic spread. Holders feared the token would become worthless, so they sold en masse, pushing prices even lower. The project’s lack of practical use cases or regular technical updates only made matters worse, as there was no reason to hold. The crypto market’s overall bearish mood at the time also meant fewer buyers were willing to step in. #NotcoinCrash #CryptoReality

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