📰 Latest Key Developments
1. Sharp Decline After Token Generation Event
After being listed on major platforms like Binance, Coinbase, and OKX on July 29, 2025, trading volumes surged significantly, but the price of TREE dropped by more than 45–50% within 24 hours, as many airdrop recipients sold immediately.
The eye-catching headline was: *"Treehouse (TREE) Plummets 46% Following Binance Airdrop Announcement — Revival Uncertain"*.
2. Increase in Total Value Locked (TVL) and Its Impact on Price
For the first time, the TVL in the Treehouse protocol surpassed $500 million, resulting in the price of TREE rising to a peak of $0.6068 before falling to around $0.5317, representing a profit of about 30% from the lowest price of the week.
Technical analysis indicates the formation of a cup-and-handle pattern, with expectations that the price could reach around $0.75 if it maintains the key resistance starting from $0.60.
3. Technical Forecasts and Anticipation of Mainnet Upgrade
The launch of the "Tree-Graph 3.0" upgrade is expected in August 2025, which aims to increase transaction speed to around 15,000 TPS and includes features like artificial intelligence, support for real assets, and cross-border payment settlements within the Conflux ecosystem.
The price of TREE rose by approximately 13.2% within 24 hours, driven by traders' heightened interest in this upcoming upgrade.
