A seemingly innocuous post by Elon Musk has significantly influenced the price of the non-playable coin (NPC), driving it up by more than 32%. On July 20, Musk shared a video by reporter and influencer Mario Nawfal on his social media handle. In the video, Nawfal discusses NPC and its unique characteristics compared to other meme coins.

NPC Analysis

The impact has been substantial. Since Musk’s post, the price of NPC surged by 32.1% at the time of writing. Its market cap increased to $195 million within hours.

Over various timeframes, NPC has shown impressive gains. Currently, NPC’s price is up by 67% over the past seven days and 21% over the last two weeks. However, it remains nearly 20% below its all-time high of $0.03003, recorded on June 23.

NPC Performance

Today’s performance indicates that NPC is significantly outperforming the global cryptocurrency market, which is up 11%. Additionally, NPC is doing better than similar cryptocurrencies on the Ethereum network, which have seen an overall improvement of about 12%.

The NPC token is a hybrid of NFT and meme coin, inspired by the non-playable character meme.

Each NPC token is backed by an NFT of the NPC meme, and it can be traded as either a non-fungible token or a meme coin. 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 circulating at launch.

The recent price increase was accompanied by a 55% rise in the coin’s 24-hour trading volume, reaching $7,464,829.

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