A seemingly innocuous post by X owner Elon Musk has helped push the price of the little-known non-playable coin (NPC) by over 32%.
On July 20, Musk posted a video of popular reporter and influencer Mario Novell on his X account. In the video, Novell engages in a discussion about NPC, exploring how it stands out from other currencies.
NPC Analysis
The impact has been massive. Since this post was published, NPC’s price has risen 32.1% at the time of writing. Its market cap has risen to $195 million in a matter of hours.
This surge has also led to NPC’s value rising over several other timeframes. For example, the current NPC price represents a massive 67% improvement over seven days and a 21% increase over two weeks. However, it is still about 20% below its all-time high of $0.03003, which was recorded on June 23.
Today’s performance also means that NPC is now significantly outperforming the global crypto market, which is up 11% according to Queen Gecko.
Moreover, it also outperforms similar cryptocurrencies on the Ethereum network, which recorded an overall improvement of about 12%.
The NPC Token is an NFT-meme hybrid inspired by the NPC meme. It can be traded as either a non-fungible token or a meme coin, with each NPC Token backed by an NFT for the NPC meme.
The coin is available on Ethereum via Uniswap and on Coinbase’s layer 2 network, Base. It has a total supply of 8,050,126,520 NPC tokens, all of which were in circulation at launch.
The price rise was accompanied by a similar surge in the coin’s 24-hour trading volume, which rose 55% to $7,464,829.