The NOT token of the Web3 gaming project Notcoin rose in price by more than 60% on May 28, almost recouping the collapse after listing on major exchanges on May 16. At the same time, the total TVL in the The Open Network (TON) ecosystem reached $320.87 million. According to CoinGecko, at the time of writing, Notcoin was trading around $0.009, demonstrating a weekly increase of about 100%. At one point, the coin even returned to the top 100 largest cryptocurrencies with a capitalization of about $1 billion. Experts attribute the NOT rally to the resumption of the opportunity for users to earn tokens through game missions in the mobile application, as well as listing on leading exchanges and the prospects for staking the coin. Market manipulation by large players is also possible.

According to trader Vladimir Cohen, in 10 days after the launch of trading, the project's market maker managed to buy out 70-80% of the NOT issue. The further growth of the asset capitalization to $1 billion indicates a large-scale marketing campaign by the team to attract a new audience. At the same time, after each round of airdrops, the coin will be drained and then bought back and the rate will be inflated.