Notcoin (NOT), the gaming token linked to Telegram's viral game, has experienced a remarkable surge. Over the past week, its value skyrocketed nearly 160%, hitting a new all-time high.

This rapid ascent follows its launch on May 16th, when Binance added it to its Launchpool platform, enabling users to stake coins and farm new assets.

The token, which is part of the Telegram-based tap-to-earn game, now boasts over 1.6 million on-chain holders.

This surpasses other popular memecoins like Shiba Inu, Bonk, and Pepe. Notcoin operates on The Open Network (TON) blockchain, initially developed by Telegram.

Although Telegram separated from TON in 2020 after a legal dispute with the SEC, the blockchain continues to be managed by an open-source community.

TON remains integral to Telegram's ecosystem, allowing its 700 million users to send tokens within the platform seamlessly.

As of now, Notcoin ranks 80th by market cap, trading at $0.0127, a significant rise from $0.00489 just a week ago. This surge reflects growing interest and adoption within the Telegram user base and the broader crypto community.