Market performance
TREE is currently trading at $0.38, with a 24-hour trading volume of $12 million and a market capitalization of $55 million. Since its listing on Binance and Bybit on July 29th, it has experienced significant volatility. Coinbase followed suit on July 30th, but the "experimental token" label still affects some investors' confidence.
Key developments
1. Unlock Countdown: 35% of the tokens held by the team and institutions (approximately 175 million tokens) will be unlocked in batches starting September 1st, and the market is concerned about possible selling pressure.
2. Product Testing: The DOR protocol testnet went live on August 20 and has attracted 23,000 participating addresses. The mainnet is expected to be launched in Q4.
3. Short selling intensified: Bybit data shows that TREE contract short positions increased by 47% over the week, and funding rates remained negative.
Market View
- Short term (before September): Unlocking pressure or testing $0.3 support
- Mid-term (Q4): DOR mainnet launch may push the price to the range of $0.5-0.8
- Long term (2026): If adopted by institutions, it is expected to challenge $1.2
Hot community discussion
The Reddit forum r/TreehouseCoin has been a hotly debated topic lately: supporters emphasize the long-term commitment of organizations like Jump Crypto, while skeptics point out that the project's GitHub update frequency has dropped from an average of five daily updates in July to just two in August. The project currently ranks 38th on CoinMarketCap, down 12 spots from last week.
As the September unlock date approaches, this DeFi data analysis project is facing a critical test period.
@Treehouse Official @undefined #Treehouse $TREE
