Notcoin (NOT) sells after sells: It's heading towards the bottom.

Notcoin ($NOT ), one of the important projects of the TON ecosystem, gave a danger signal with its short-term decline.

The popular altcoin of the TON network, Notcoin (NOT), has started to decline with the increasing selling pressure recently. NOT is currently trading at $ 0.0076, indicating a 3 percent decrease in the last week. Onchain data and technical indicators show that the selling pressure in the parity may continue.

In the last seven days, whales have started to reduce their Notcoins. The popular altcoin's large investor net flow has shown a significant decrease in the last week.

Large investors are defined as addresses that hold more than 0.1 percent of an asset's circulating supply. The large investor net flow metric shows whether these investors are accumulating or selling an asset on net. A decrease in this metric indicates that whale addresses have started to sell their assets.

This development is considered a negative signal indicating that selling pressure is increasing and the risk of a price drop is increasing. In addition, when individual investors notice that whales are selling in large quantities, they lose confidence and start selling their own assets. This causes the price to fall faster.

In the last month, Notcoin short-term investors (addresses that have held their tokens for less than 30 days) have started to reduce their holding periods. Generally, a decrease in this period indicates that investors are selling the token faster.

The fact that STHs hold a significant portion of the circulating supply makes this situation even riskier. As investors hold their tokens for a shorter period and tend to sell, they create great selling pressure on the price.

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