NPC token gains 32% following Elon Musk post
A seemingly innocuous publish by X proprietor Elon Musk appears to have helped propel the worth of the little-known non-playable coin (NPC) by greater than 32%.
On July 20, Musk posted a video by well-liked reporter and influencer Mario Nawfal on his X deal with. Within the video, Nawfal engages in a dialogue about NPC, exploring the way it stands out from different meme cash.
NPC evaluation
The impression has been immense. Since that publish went out, the worth of NPC spiked 32.1% on the time of this writing. Its market cap soared to a formidable $195 million in a matter of hours.
The push additionally meant that NPC gained over a number of different timeframes. As an illustration, the present NPC value is a large 67% enchancment throughout seven days and a 21% improve over two weeks. Nonetheless, it’s nonetheless almost 20% under its all-time excessive value of $0.03003, recorded on June 23.
As we speak’s efficiency additionally signifies that NPC is now considerably outperforming the worldwide cryptocurrency market, which is up 11% in response to CoinGecko.
Moreover, it’s also doing higher than comparable cryptocurrencies on the Ethereum community, which have registered an total enchancment of about 12%.
The NPC token is an NFT-meme hybrid impressed by the non-playable character meme. It may be traded as both a non-fungible token or a meme coin, with every NPC token backed by an NFT of the NPC meme.
The coin is on the market on Ethereum by way of Uniswap and on Coinbase’s layer-2 community, Base. It has a complete provide of 8,050,126,520 NPC tokens, all of which have been circulating at launch.
The value uptick was accompanied by the same soar within the coin’s 24-hour buying and selling quantity, which went up 55% to $7,464,829.
